Jacobs Asset Management LLC Invests $1.34 Million in Green Dot Corporation $GDOT

Jacobs Asset Management LLC acquired a new position in shares of Green Dot Corporation (NYSE:GDOT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 104,536 shares of the financial services provider’s stock, valued at approximately $1,339,000. Green Dot makes up about 0.7% of Jacobs Asset Management LLC’s portfolio, making the stock its 28th largest position. Jacobs Asset Management LLC owned approximately 0.19% of Green Dot as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Topline Capital Management LLC raised its holdings in Green Dot by 7.2% during the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock valued at $53,526,000 after buying an additional 331,817 shares during the period. No Street GP LP raised its holdings in Green Dot by 150.0% during the 3rd quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock valued at $53,720,000 after buying an additional 2,400,000 shares during the period. Steel Partners Holdings L.P. purchased a new stake in Green Dot during the 4th quarter valued at $48,332,000. Dimensional Fund Advisors LP raised its holdings in Green Dot by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,836,651 shares of the financial services provider’s stock valued at $36,338,000 after buying an additional 56,547 shares during the period. Finally, Western Standard LLC raised its holdings in Green Dot by 196.8% during the 4th quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after buying an additional 1,311,170 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Price Performance

GDOT opened at $13.13 on Friday. Green Dot Corporation has a 12-month low of $9.31 and a 12-month high of $15.41. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $12.39 and its 200-day simple moving average is $12.24. The company has a market capitalization of $743.93 million, a price-to-earnings ratio of -9.94 and a beta of 0.86.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.24. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%.The business had revenue of $652.03 million for the quarter, compared to the consensus estimate of $597.39 million. On average, equities research analysts anticipate that Green Dot Corporation will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GDOT shares. Wall Street Zen upgraded Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Craig Hallum restated a “buy” rating and set a $18.00 price target on shares of Green Dot in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. Finally, Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.75.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.