3,069 Shares in Green Dot Co. (GDOT) Acquired by Globeflex Capital L P
Globeflex Capital L P purchased a new stake in shares of Green Dot Co. (NYSE:GDOT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,069 shares of the financial services provider’s stock, valued at approximately $185,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GDOT. Eagle Asset Management Inc. bought a new position in Green Dot during the 4th quarter valued at $82,309,000. Carillon Tower Advisers Inc. bought a new position in Green Dot during the 4th quarter valued at $57,764,000. Rothschild Asset Management Inc. bought a new position in Green Dot during the 3rd quarter valued at $29,051,000. BlackRock Inc. boosted its stake in Green Dot by 8.2% during the 4th quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock valued at $389,113,000 after purchasing an additional 490,902 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Green Dot by 2,582.7% during the 4th quarter. OppenheimerFunds Inc. now owns 322,455 shares of the financial services provider’s stock valued at $19,432,000 after purchasing an additional 310,435 shares in the last quarter. 84.60% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on GDOT. ValuEngine raised Green Dot from a “hold” rating to a “buy” rating in a research note on Thursday. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Morgan Stanley reaffirmed a “hold” rating and set a $62.00 price target (up from $60.00) on shares of Green Dot in a research note on Thursday, February 22nd. Loop Capital increased their price target on Green Dot to $76.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $63.29.
Shares of Green Dot Co. (NYSE GDOT) opened at $65.95 on Friday. The firm has a market capitalization of $3,351.58, a price-to-earnings ratio of 40.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 0.99. Green Dot Co. has a one year low of $29.36 and a one year high of $69.37.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $212.99 million during the quarter, compared to analyst estimates of $206.07 million. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The company’s revenue was up 30.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. research analysts anticipate that Green Dot Co. will post 2.44 earnings per share for the current year.
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Green Dot Company Profile
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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