Green Dot Corporation (NYSE:GDOT) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its stake in shares of Green Dot Corporation (NYSE:GDOT) by 436.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 230,175 shares of the financial services provider’s stock after purchasing an additional 187,293 shares during the quarter. XTX Topco Ltd’s holdings in Green Dot were worth $1,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GDOT. Meeder Asset Management Inc. acquired a new position in shares of Green Dot during the 4th quarter worth $44,000. GAMMA Investing LLC grew its stake in shares of Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 3,416 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Green Dot during the 4th quarter worth $84,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Green Dot in the 1st quarter worth about $96,000. Finally, Caxton Associates LP purchased a new stake in shares of Green Dot in the 4th quarter worth about $121,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GDOT has been the topic of several recent research reports. Northland Securities upgraded shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Green Dot from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Green Dot from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Northland Capmk upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Barclays boosted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider directly owned 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

Green Dot Price Performance

NYSE:GDOT opened at $10.13 on Thursday. The firm has a market cap of $556.04 million, a price-to-earnings ratio of -77.92 and a beta of 0.76. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $10.19 and its two-hundred day moving average is $8.99. Green Dot Corporation has a 12-month low of $6.12 and a 12-month high of $13.58.

Green Dot (NYSE:GDOT) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.36. The company had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Research analysts expect that Green Dot Corporation will post 0.87 EPS for the current 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.