Fox Run Management L.L.C. Makes New $725,000 Investment in Green Dot Corporation $GDOT

Fox Run Management L.L.C. purchased a new stake in shares of Green Dot Corporation (NYSE:GDOT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 53,952 shares of the financial services provider’s stock, valued at approximately $725,000. Fox Run Management L.L.C. owned about 0.10% of Green Dot as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of GDOT. Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 861 shares during the period. Tower Research Capital LLC TRC raised its position in Green Dot by 23.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Green Dot by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 1,341 shares during the period. State of Alaska Department of Revenue acquired a new stake in Green Dot during the 3rd quarter valued at approximately $29,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Green Dot by 4.1% in the second quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider’s stock worth $662,000 after acquiring an additional 2,412 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GDOT has been the subject of a number of research reports. Wall Street Zen downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. William Blair reiterated a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Finally, Northland Securities set a $14.25 target price on Green Dot and gave the stock a “market perform” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $12.56.

Green Dot Trading Down 1.6%

GDOT stock opened at $11.58 on Friday. Green Dot Corporation has a 52-week low of $6.12 and a 52-week high of $15.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. The firm has a market cap of $641.49 million, a P/E ratio of -13.62 and a beta of 0.81. The company’s 50-day simple moving average is $12.30 and its 200-day simple moving average is $12.72.

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.