EAM Investors LLC Has $2.71 Million Holdings in Green Dot Co. (GDOT)
EAM Investors LLC reduced its position in shares of Green Dot Co. (NYSE:GDOT) by 22.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,942 shares of the financial services provider’s stock after selling 10,544 shares during the quarter. EAM Investors LLC’s holdings in Green Dot were worth $2,711,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GDOT. James Investment Research Inc. purchased a new stake in shares of Green Dot during the 2nd quarter worth about $101,000. Bank of Montreal Can purchased a new stake in shares of Green Dot during the 2nd quarter worth about $165,000. Point72 Asia Hong Kong Ltd boosted its stake in shares of Green Dot by 17,911.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,242 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 3,224 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Green Dot during the 2nd quarter worth about $228,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Green Dot during the 4th quarter worth about $231,000. 83.98% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the stock. SunTrust Banks increased their target price on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Craig Hallum increased their target price on shares of Green Dot from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 10th. ValuEngine raised shares of Green Dot from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Citigroup increased their target price on shares of Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley increased their target price on shares of Green Dot from $67.00 to $73.00 and gave the stock a “$81.43” rating in a research note on Thursday, July 19th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.00.
Shares of Green Dot stock opened at $83.61 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 38.07 and a beta of 0.74. Green Dot Co. has a twelve month low of $44.88 and a twelve month high of $85.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. The firm had revenue of $258.30 million for the quarter, compared to analyst estimates of $250.18 million. Green Dot had a net margin of 12.73% and a return on equity of 14.70%. Green Dot’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. sell-side analysts forecast that Green Dot Co. will post 2.39 EPS for the current year.
Green Dot Profile
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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