Everence Capital Management Inc. Grows Position in Green Dot Co. (NYSE:GDOT)

Everence Capital Management Inc. increased its position in shares of Green Dot Co. (NYSE:GDOT) by 106.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,360 shares of the financial services provider’s stock after buying an additional 13,070 shares during the quarter. Everence Capital Management Inc.’s holdings in Green Dot were worth $251,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Green Dot by 22.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,718 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 688 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Green Dot in the 2nd quarter valued at approximately $114,000. Meeder Asset Management Inc. purchased a new position in shares of Green Dot in the 4th quarter valued at approximately $53,000. Point72 Middle East FZE lifted its holdings in shares of Green Dot by 3,257.1% in the 2nd quarter. Point72 Middle East FZE now owns 6,177 shares of the financial services provider’s stock valued at $116,000 after buying an additional 5,993 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Green Dot by 39.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after buying an additional 2,074 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

GDOT has been the subject of several recent analyst reports. StockNews.com cut Green Dot from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet cut Green Dot from a “c-” rating to a “d” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods reduced their price objective on Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Finally, Truist Financial lifted their price objective on Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.75.

Green Dot Stock Up 2.6 %

NYSE GDOT opened at $8.43 on Friday. Green Dot Co. has a fifty-two week low of $7.30 and a fifty-two week high of $21.37. The stock has a market cap of $445.09 million, a price-to-earnings ratio of 64.81 and a beta of 1.04. The business has a fifty day moving average of $8.61 and a 200-day moving average of $9.50.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. The company had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. As a group, analysts anticipate that Green Dot Co. will post 0.9 EPS for the current year.

Insider Transactions at Green Dot

In related news, CRO Christian Devin Ruppel purchased 33,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the acquisition, the executive now directly owns 101,715 shares in the company, valued at approximately $921,537.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Green Dot news, CRO Christian Devin Ruppel acquired 33,000 shares of the stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the completion of the transaction, the executive now directly owns 101,715 shares in the company, valued at $921,537.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the sale, the insider now directly owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The disclosure for this sale can be found here. Insiders own 11.80% of the company’s stock.

Green Dot Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.