Green Dot Co. (NYSE:GDOT) Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its stake in Green Dot Co. (NYSE:GDOT) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,792 shares of the financial services provider’s stock after acquiring an additional 9,829 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Green Dot worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of Green Dot in the 2nd quarter worth $685,000. Rhumbline Advisers increased its stake in shares of Green Dot by 5.6% in the 2nd quarter. Rhumbline Advisers now owns 158,748 shares of the financial services provider’s stock worth $1,500,000 after acquiring an additional 8,392 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Green Dot in the 2nd quarter worth $105,000. nVerses Capital LLC purchased a new position in shares of Green Dot during the 2nd quarter worth $25,000. Finally, Summit Securities Group LLC purchased a new position in shares of Green Dot during the 2nd quarter worth $107,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Green Dot Trading Down 2.3 %

NYSE GDOT opened at $12.20 on Friday. The stock has a market cap of $649.16 million, a PE ratio of -25.96 and a beta of 0.91. Green Dot Co. has a twelve month low of $7.30 and a twelve month high of $14.10. The stock has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $9.68.

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