Quadrature Capital Ltd Buys 33,068 Shares of Green Dot Co. (NYSE:GDOT)

Quadrature Capital Ltd raised its stake in shares of Green Dot Co. (NYSE:GDOT) by 111.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 62,681 shares of the financial services provider’s stock after purchasing an additional 33,068 shares during the quarter. Quadrature Capital Ltd owned 0.12% of Green Dot worth $621,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GDOT. Wellington Management Group LLP bought a new stake in Green Dot in the third quarter valued at about $7,869,000. BNP Paribas Financial Markets increased its stake in Green Dot by 428.0% in the fourth quarter. BNP Paribas Financial Markets now owns 111,524 shares of the financial services provider’s stock valued at $1,104,000 after acquiring an additional 90,402 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Green Dot by 32.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,772 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 3,581 shares during the period. Hsbc Holdings PLC increased its stake in Green Dot by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,179 shares of the financial services provider’s stock valued at $3,557,000 after acquiring an additional 2,933 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP increased its stake in Green Dot by 54.1% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock valued at $5,914,000 after acquiring an additional 209,818 shares during the period. Institutional investors own 92.56% of the company’s stock.

Green Dot Trading Up 1.9 %

Shares of GDOT stock opened at $9.48 on Friday. The firm’s 50 day moving average is $9.44 and its 200-day moving average is $9.12. Green Dot Co. has a 1 year low of $7.30 and a 1 year high of $21.37. The firm has a market capitalization of $504.43 million, a price-to-earnings ratio of -20.17 and a beta of 0.98.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The business had revenue of $447.42 million during the quarter, compared to analyst estimates of $415.70 million. On average, equities research analysts forecast that Green Dot Co. will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GDOT. Keefe, Bruyette & Woods lowered their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th. Truist Financial boosted their price target on shares of Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Green Dot from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Company 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.