GSA Capital Partners LLP purchased a new stake in Green Dot Corporation (NYSE:GDOT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,240 shares of the financial services provider’s stock, valued at approximately $1,319,000. GSA Capital Partners LLP owned 0.07% of Green Dot Corporation as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Green Dot Corporation by 0.7% during the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after buying an additional 38,814 shares during the period. Vanguard Group Inc. raised its stake in Green Dot Corporation by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after buying an additional 412,984 shares during the period. Dimensional Fund Advisors LP raised its stake in Green Dot Corporation by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,753,768 shares of the financial services provider’s stock worth $91,865,000 after buying an additional 19,113 shares during the period. State Street Corp raised its stake in Green Dot Corporation by 7.1% during the 1st quarter. State Street Corp now owns 999,048 shares of the financial services provider’s stock worth $33,324,000 after buying an additional 65,849 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Green Dot Corporation by 91.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock worth $27,975,000 after purchasing an additional 346,014 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on GDOT. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. Citigroup Inc. increased their target price on Green Dot Corporation from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, September 18th. BidaskClub cut Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Green Dot Corporation presently has a consensus rating of “Buy” and a consensus target price of $42.22.

In other Green Dot Corporation news, Director Glinda Bridgforth-Hodges sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.92, for a total value of $351,900.00. Following the sale, the director now directly owns 5,003 shares in the company, valued at approximately $234,740.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.56, for a total transaction of $388,237.20. Following the completion of the sale, the insider now owns 217,010 shares in the company, valued at $10,538,005.60. The disclosure for this sale can be found here. Insiders have sold a total of 140,161 shares of company stock worth $6,307,042 over the last 90 days. 11.00% of the stock is currently owned by corporate insiders.

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Shares of Green Dot Corporation (GDOT) opened at 47.78 on Tuesday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 40.63 and a beta of 1.01. The stock has a 50 day moving average of $45.96 and a 200-day moving average of $38.55. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $49.00.

Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. Green Dot Corporation’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Equities analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.

About Green Dot Corporation

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.

Institutional Ownership by Quarter for Green Dot Corporation (NYSE:GDOT)

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