Green Dot Co. (NYSE:GDOT) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. boosted its position in shares of Green Dot Co. (NYSE:GDOT) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,130 shares of the financial services provider’s stock after purchasing an additional 1,430 shares during the period. Point72 Asset Management L.P.’s holdings in Green Dot were worth $200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GDOT. Headlands Technologies LLC raised its position in shares of Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares during the period. UMB Bank n.a. raised its position in Green Dot by 98.3% in the first quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,415 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Green Dot by 4.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,524 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Green Dot by 162.0% during 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. Finally, Illinois Municipal Retirement Fund increased its position in shares of Green Dot by 6.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,615 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Topline Capital Management, Ll acquired 36,671 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Topline Capital Management, Ll acquired 36,671 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the transaction, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GDOT has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. Craig Hallum increased their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Green Dot presently has an average rating of “Hold” and a consensus target price of $10.75.

Green Dot Stock Performance

NYSE GDOT opened at $11.02 on Friday. The firm has a market cap of $586.37 million, a price-to-earnings ratio of -23.45 and a beta of 0.92. The firm has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $9.87. Green Dot Co. has a one year low of $7.30 and a one year high of $13.54.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The company had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. During the same quarter last year, the company posted $0.20 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Green Dot Co. will post 1 EPS for the current fiscal year.

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.