Green Dot Co. (GDOT) Holdings Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its holdings in Green Dot Co. (NYSE:GDOT) by 50.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,064 shares of the financial services provider’s stock after acquiring an additional 8,040 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Green Dot were worth $1,193,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in Green Dot in the second quarter valued at $108,000. IFP Advisors Inc lifted its holdings in Green Dot by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares during the period. Turner Investments LLC acquired a new stake in Green Dot in the second quarter valued at $154,000. Riverhead Capital Management LLC lifted its holdings in Green Dot by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the period. 79.31% of the stock is owned by institutional investors.
A number of research firms have commented on GDOT. Cowen reissued a “hold” rating on shares of Green Dot in a report on Thursday, August 10th. BidaskClub raised Green Dot from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Lake Street Capital upgraded Green Dot from a “hold” rating to a “buy” rating and raised their price target for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. Deutsche Bank raised their price target on Green Dot from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seven equities research 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. The stock presently has an average rating of “Buy” and an average target price of $53.36.
Shares of Green Dot Co. (NYSE:GDOT) traded down $0.86 during mid-day trading on Thursday, hitting $61.96. The stock had a trading volume of 396,400 shares, compared to its average volume of 354,344. Green Dot Co. has a twelve month low of $23.39 and a twelve month high of $65.88. The stock has a market capitalization of $3,192.51, a PE ratio of 36.74 and a beta of 0.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.
Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. During the same quarter last year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. analysts forecast that Green Dot Co. will post 1.71 EPS for the current year.
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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