Virtu KCG Holdings LLC Purchases 520 Shares of Green Dot Corporation (GDOT)
Virtu KCG Holdings LLC lifted its position in shares of Green Dot Corporation (NYSE:GDOT) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,767 shares of the financial services provider’s stock after acquiring an additional 520 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Green Dot Corporation were worth $376,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in shares of Green Dot Corporation during the 2nd quarter valued at $108,000. IFP Advisors Inc boosted its holdings in shares of Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Green Dot Corporation during the 1st quarter valued at $118,000. Turner Investments LLC acquired a new stake in shares of Green Dot Corporation during the 2nd quarter valued at $154,000. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Green Dot Corporation by 55.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors.
In other news, insider Steven W. Streit sold 7,995 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $54.21, for a total transaction of $433,408.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John C. Ricci sold 20,707 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.21, for a total transaction of $977,577.47. Following the sale, the general counsel now owns 91,163 shares of the company’s stock, valued at $4,303,805.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,192 shares of company stock valued at $7,157,243. 11.00% of the stock is currently owned by company insiders.
GDOT has been the topic of several recent research reports. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 target price (up from $40.00) on shares of Green Dot Corporation in a report on Monday, July 24th. BidaskClub raised Green Dot Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Northland Securities reaffirmed an “outperform” rating and set a $55.00 target price (up from $47.00) on shares of Green Dot Corporation in a report on Tuesday, September 26th. Zacks Investment Research downgraded Green Dot Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine downgraded Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.91.
Green Dot Corporation (GDOT) opened at 53.44 on Monday. The stock has a 50 day moving average price of $49.54 and a 200-day moving average price of $41.05. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $55.57. The firm has a market capitalization of $2.70 billion, a P/E ratio of 45.44 and a beta of 1.00.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. Green Dot Corporation’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current fiscal year.
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About Green Dot Corporation
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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