Acadian Asset Management LLC lifted its position in Green Dot Co. (NYSE:GDOT) by 293.4% during the 4th quarter, Holdings Channel reports. The firm owned 178,196 shares of the financial services provider’s stock after acquiring an additional 132,903 shares during the quarter. Acadian Asset Management LLC’s holdings in Green Dot were worth $10,738,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GDOT. Ameritas Investment Partners Inc. increased its stake in Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 472 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Green Dot by 55.0% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares during the last quarter. Shelton Capital Management bought a new stake in Green Dot during the third quarter worth approximately $210,000. Brown Advisory Inc. bought a new stake in Green Dot during the third quarter worth approximately $229,000. Finally, Quantbot Technologies LP increased its stake in Green Dot by 212.7% during the third quarter. Quantbot Technologies LP now owns 4,866 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 3,310 shares during the last quarter. 78.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Green Dot Co. (NYSE GDOT) opened at $62.54 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3,174.73, a P/E ratio of 45.32 and a beta of 0.96. Green Dot Co. has a twelve month low of $25.35 and a twelve month high of $65.88.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The firm had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. Green Dot’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. research analysts expect that Green Dot Co. will post 1.71 EPS for the current fiscal year.

Several brokerages have weighed in on GDOT. Guggenheim reissued a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Northland Securities restated an “outperform” rating and set a $55.00 target price (up previously from $47.00) on shares of Green Dot in a research report on Tuesday, September 26th. Cowen restated a “hold” rating and set a $55.00 target price on shares of Green Dot in a research report on Friday, January 12th. Finally, BidaskClub upgraded Green Dot from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Green Dot currently has an average rating of “Buy” and a consensus target price of $55.54.

In other Green Dot news, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $56.07, for a total transaction of $448,279.65. Following the completion of the sale, the insider now owns 176,621 shares in the company, valued at $9,903,139.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jess Unruh sold 13,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $60.00, for a total value of $780,000.00. Following the sale, the insider now owns 108,788 shares of the company’s stock, valued at approximately $6,527,280. The disclosure for this sale can be found here. Insiders sold 287,546 shares of company stock valued at $17,503,146 in the last quarter. 11.00% of the stock is owned by company insiders.

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About Green Dot

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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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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