Millennium Management LLC Has $2.70 Million Stake in Green Dot Co. (NYSE:GDOT)

Millennium Management LLC decreased its position in Green Dot Co. (NYSE:GDOT) by 59.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,298 shares of the financial services provider’s stock after selling 419,890 shares during the period. Millennium Management LLC owned approximately 0.54% of Green Dot worth $2,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kent Lake Capital LLC acquired a new position in shares of Green Dot during the first quarter valued at about $7,464,000. SG Capital Management LLC acquired a new position in shares of Green Dot during the first quarter valued at about $4,254,000. American Century Companies Inc. raised its holdings in shares of Green Dot by 79.0% during the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 142,377 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after purchasing an additional 104,829 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after purchasing an additional 82,022 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Transactions at Green Dot

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GDOT. Barclays upped their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. Finally, Craig Hallum boosted their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Green Dot Trading Up 1.8 %

Shares of GDOT stock opened at $11.35 on Wednesday. Green Dot Co. has a 12 month low of $7.30 and a 12 month high of $12.99. The stock has a market capitalization of $603.93 million, a P/E ratio of -24.15 and a beta of 0.92. The firm’s 50 day moving average is $11.07 and its 200 day moving average is $9.96.

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, topping analysts’ consensus estimates 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 firm had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Green Dot Co. will post 1 EPS for the current year.

Green Dot 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.