Short Interest in Green Dot Co. (NYSE:GDOT) Decreases By 15.3%

Green Dot Co. (NYSE:GDOT) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,660,000 shares, a decline of 15.3% from the August 15th total of 1,960,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 457,400 shares, the days-to-cover ratio is currently 3.6 days.

Hedge Funds Weigh In On Green Dot

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in shares of Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,609 shares during the last quarter. nVerses Capital LLC bought a new stake in Green Dot in the second quarter valued at $25,000. Headlands Technologies LLC boosted its holdings in shares of Green Dot by 89.2% during the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,293 shares during the period. UMB Bank n.a. grew its position in shares of Green Dot by 98.3% during the first quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Green Dot in the 2nd quarter worth about $32,000. Institutional investors own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Green Dot has an average rating of “Hold” and an average target price of $10.75.

Green Dot Stock Up 0.1 %

NYSE:GDOT traded up $0.01 during trading hours on Wednesday, reaching $12.53. 464,551 shares of the stock were exchanged, compared to its average volume of 572,220. Green Dot has a 52 week low of $7.30 and a 52 week high of $14.39. The stock has a market capitalization of $666.72 million, a P/E ratio of -27.30 and a beta of 0.91. The firm has a 50 day simple moving average of $10.31 and a 200-day simple moving average of $9.60.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. As a group, analysts expect that Green Dot will post 1 earnings per share 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.