Invictus RG decreased its position in Green Dot Co. (NYSE:GDOT) by 35.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,053 shares of the financial services provider’s stock after selling 4,472 shares during the period. Invictus RG’s holdings in Green Dot were worth $399,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new position in Green Dot in the 2nd quarter valued at approximately $108,000. IFP Advisors Inc raised its holdings in shares of Green Dot by 5,537.3% in the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares in the last quarter. Turner Investments LLC acquired a new position in shares of Green Dot in the 2nd quarter worth approximately $154,000. Riverhead Capital Management LLC raised its holdings in shares of Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,429 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.
GDOT has been the subject of a number of recent research reports. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Monday, November 13th. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, November 8th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 target price for the company. in a report on Monday, November 13th. Deutsche Bank increased their target price on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, Craig Hallum initiated coverage on Green Dot in a report on Thursday, October 5th. They issued a “buy” rating and a $70.00 target price for the company. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Green Dot presently has a consensus rating of “Buy” and an average target price of $53.36.
Green Dot (NYSE:GDOT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. Green Dot’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. research analysts anticipate that Green Dot Co. will post 1.71 earnings per share for the current year.
In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $53.91, for a total value of $143,670.15. Following the transaction, the chief executive officer now directly owns 176,621 shares in the company, valued at approximately $9,521,638.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $63.08, for a total value of $504,324.60. Following the completion of the transaction, the insider now owns 176,621 shares in the company, valued at $11,141,252.68. The disclosure for this sale can be found here. Insiders sold a total of 175,751 shares of company stock worth $9,957,097 over the last quarter. Corporate insiders own 11.00% of the company’s stock.
Green Dot Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Co. (NYSE:GDOT).
Receive News & Ratings for Green Dot Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Co. and related companies with MarketBeat.com's FREE daily email newsletter.