Tudor Investment Corp ET AL Trims Stock Position in Green Dot Co. (NYSE:GDOT)

Tudor Investment Corp ET AL reduced its position in Green Dot Co. (NYSE:GDOT - Free Report) by 55.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 68,498 shares of the financial services provider's stock after selling 85,659 shares during the period. Tudor Investment Corp ET AL owned 0.13% of Green Dot worth $729,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GDOT. Boothbay Fund Management LLC purchased a new position in Green Dot during the 4th quarter valued at about $186,000. Susquehanna Fundamental Investments LLC purchased a new position in Green Dot during the fourth quarter valued at approximately $1,031,000. Topline Capital Management LLC purchased a new position in Green Dot during the fourth quarter valued at approximately $57,209,000. Price T Rowe Associates Inc. MD increased its holdings in Green Dot by 21.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,896 shares of the financial services provider's stock worth $627,000 after acquiring an additional 10,422 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after purchasing an additional 363,831 shares in the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Price Performance

Shares of NYSE GDOT traded up $2.04 during trading hours on Friday, reaching $10.74. 3,919,873 shares of the stock traded hands, compared to its average volume of 625,902. The company's 50-day simple moving average is $7.80 and its two-hundred day simple moving average is $9.23. The company has a market capitalization of $582.43 million, a P/E ratio of -10.23 and a beta of 0.76. Green Dot Co. has a 52-week low of $6.12 and a 52-week high of $13.58. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.

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

Wall Street Analysts Forecast Growth

GDOT has been the subject of a number of recent analyst reports. Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a research report on Wednesday, April 9th. Barclays reduced their target price on Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a report on Friday, March 14th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

About Green Dot

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.