Green Dot Co. (NYSE:GDOT) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC reduced its stake in Green Dot Co. (NYSE:GDOT) by 81.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,336 shares of the financial services provider’s stock after selling 14,208 shares during the period. Tower Research Capital LLC TRC’s holdings in Green Dot were worth $35,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GDOT. Meeder Asset Management Inc. bought a new stake in shares of Green Dot in the 4th quarter worth approximately $44,000. KLP Kapitalforvaltning AS bought a new stake in Green Dot in the fourth quarter valued at $84,000. New York State Common Retirement Fund boosted its holdings in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 4,600 shares during the period. Polymer Capital Management US LLC bought a new position in shares of Green Dot during the fourth quarter worth about $131,000. Finally, AXQ Capital LP bought a new position in shares of Green Dot during the fourth quarter worth about $166,000. 92.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GDOT shares. Barclays lifted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday. Northland Capmk upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Northland Securities raised Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Wednesday, April 9th. Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. Finally, Keefe, Bruyette & Woods reduced their price target on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Green Dot has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Insider Activity

In related news, insider Christian Devin Ruppel sold 10,189 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the sale, the insider now directly owns 253,139 shares in the company, valued at $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Green Dot Trading Down 2.9%

Shares of NYSE:GDOT opened at $10.15 on Thursday. The company has a 50 day moving average of $7.99 and a 200-day moving average of $9.22. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a market cap of $550.43 million, a P/E ratio of -9.67 and a beta of 0.76. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58.

Green Dot (NYSE:GDOT) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.70 by $0.36. The firm had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $503.20 million. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. As a group, analysts anticipate that Green Dot Co. will post 0.87 earnings per share for the current fiscal year.

About Green Dot

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.