D. E. Shaw & Co. Inc. Has $15.88 Million Stake in Green Dot Co. (NYSE:GDOT)

D. E. Shaw & Co. Inc. trimmed its holdings in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,492,715 shares of the financial services provider's stock after selling 234,832 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.78% of Green Dot worth $15,882,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Green Dot during the fourth quarter valued at $44,000. KLP Kapitalforvaltning AS acquired a new position in shares of Green Dot during the fourth quarter valued at $84,000. Caxton Associates LP acquired a new position in shares of Green Dot during the fourth quarter valued at $121,000. New York State Common Retirement Fund increased its holdings in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 4,600 shares during the period. Finally, Polymer Capital Management US LLC acquired a new position in Green Dot during the fourth quarter worth about $131,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Trading Down 2.5%

GDOT traded down $0.25 during trading on Friday, reaching $9.46. The company had a trading volume of 627,537 shares, compared to its average volume of 631,985. The firm's 50-day simple moving average is $8.10 and its 200 day simple moving average is $9.16. The company has a market cap of $512.74 million, a price-to-earnings ratio of -9.00 and a beta of 0.76. Green Dot Co. has a 12-month low of $6.12 and a 12-month high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Green Dot (NYSE:GDOT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. The firm had revenue of $555.96 million for the quarter, compared to analysts' expectations of $503.20 million. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. Green Dot's revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts anticipate that Green Dot Co. will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider now owns 253,139 shares of the company's stock, valued at $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GDOT has been the topic of a number of research analyst reports. Barclays lifted their target price on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a report on Friday, March 14th. Keefe, Bruyette & Woods lowered their target price on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Northland Securities raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday, April 9th. Finally, Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Green Dot Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.