Two Sigma Investments LP trimmed its holdings in shares of Green Dot Co. (NYSE:GDOT) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,800 shares of the financial services provider’s stock after selling 122,996 shares during the quarter. Two Sigma Investments LP owned approximately 0.27% of Green Dot worth $8,183,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Stone Ridge Asset Management LLC bought a new stake in Green Dot during the fourth quarter valued at approximately $968,000. Guggenheim Capital LLC bought a new position in shares of Green Dot in the fourth quarter worth approximately $1,380,000. Jefferies Group LLC bought a new position in shares of Green Dot in the fourth quarter worth approximately $672,000. Caxton Associates LP bought a new position in shares of Green Dot in the fourth quarter worth approximately $577,000. Finally, Renaissance Technologies LLC boosted its position in shares of Green Dot by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,422,090 shares of the financial services provider’s stock worth $85,695,000 after purchasing an additional 32,890 shares during the period. Institutional investors own 82.95% of the company’s stock.
A number of equities analysts have weighed in on GDOT shares. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Citigroup upgraded shares of Green Dot from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $68.00 in a research report on Tuesday, February 13th. Cowen reiterated a “hold” rating and issued a $55.00 price target on shares of Green Dot in a research report on Friday, January 12th. ValuEngine lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $72.00 price target on shares of Green Dot in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $63.29.
GDOT stock opened at $67.87 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. Green Dot Co. has a 12-month low of $32.04 and a 12-month high of $69.37. The firm has a market cap of $3,389.39, a price-to-earnings ratio of 41.38 and a beta of 0.79.
Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The firm had revenue of $212.99 million during the quarter, compared to analyst estimates of $206.07 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. Green Dot’s revenue for the quarter was up 30.9% on a year-over-year basis. analysts expect that Green Dot Co. will post 2.44 EPS for the current year.
In related news, CFO Mark L. Shifke sold 6,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $55.96, for a total transaction of $363,740.00. Following the sale, the chief financial officer now owns 713,333 shares of the company’s stock, valued at $39,918,114.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven W. Streit sold 20,615 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $59.08, for a total transaction of $1,217,934.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 287,370 shares of company stock valued at $17,725,230. 11.00% of the stock is owned by company insiders.
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About Green Dot
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.
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