Green Dot Corporation $GDOT Stock: CenterBook Partners LP Trims Position

CenterBook Partners LP lowered its position in Green Dot Corporation (NYSE:GDOT) by 39.0% in the 3rd quarter, Holdings Channel reports. The fund owned 279,979 shares of the financial services provider’s stock after selling 178,984 shares during the quarter. CenterBook Partners LP’s holdings in Green Dot were worth $3,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Green Dot in the 2nd quarter valued at approximately $26,000. Abel Hall LLC bought a new position in Green Dot in the third quarter worth $125,000. Entropy Technologies LP bought a new position in Green Dot in the first quarter worth $173,000. Renaissance Technologies LLC raised its holdings in Green Dot by 167.0% in the first quarter. Renaissance Technologies LLC now owns 61,400 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 38,400 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in Green Dot by 81.3% during the second quarter. Engineers Gate Manager LP now owns 77,256 shares of the financial services provider’s stock valued at $1,044,000 after buying an additional 34,637 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

Shares of GDOT opened at $12.24 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07. The stock has a market cap of $697.67 million, a P/E ratio of -24.00 and a beta of 0.93. The business’s 50 day moving average price is $12.68 and its 200-day moving average price is $12.52. Green Dot Corporation has a 52 week low of $10.10 and a 52 week high of $13.75.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Monday, August 10th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. The company had revenue of $591.29 million for the quarter, compared to the consensus estimate of $541.16 million. Equities research analysts anticipate that Green Dot Corporation will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Thursday, October 15th. Zacks Research raised shares of Green Dot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Green Dot presently has a consensus rating of “Hold” and an average target price of $16.12.

Green Dot Profile

Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.

Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.