Green Dot Co. (NYSE:GDOT) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its stake in shares of Green Dot Co. (NYSE:GDOT) by 90.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,594 shares of the financial services provider’s stock after selling 177,842 shares during the quarter. Acadian Asset Management LLC’s holdings in Green Dot were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDOT. Charles Schwab Investment Management Inc. grew its holdings in Green Dot by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock worth $7,416,000 after acquiring an additional 81,846 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Green Dot by 428.0% during the fourth quarter. BNP Paribas Financial Markets now owns 111,524 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 90,402 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Green Dot by 140.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,262 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 10,663 shares in the last quarter. Trexquant Investment LP bought a new stake in Green Dot in the fourth quarter valued at about $415,000. Finally, Quest Partners LLC acquired a new stake in Green Dot during the fourth quarter valued at approximately $142,000. Institutional investors own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Green Dot Stock Down 2.1 %

Shares of NYSE:GDOT opened at $12.23 on Friday. The company has a market cap of $650.76 million, a PE ratio of -26.02 and a beta of 0.91. Green Dot Co. has a fifty-two week low of $7.30 and a fifty-two week high of $14.10. The firm has a 50-day simple moving average of $10.49 and a 200 day simple moving average of $9.67.

Green Dot (NYSE:GDOT) last posted its 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. The company had revenue of $407.10 million during the quarter, compared to analyst estimates of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, research analysts forecast that Green Dot Co. will post 1 EPS for the current fiscal 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.