Invictus RG Has $277,000 Position in Green Dot Co. (GDOT)
Invictus RG cut its stake in shares of Green Dot Co. (NYSE:GDOT) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,124 shares of the financial services provider’s stock after selling 640 shares during the period. Invictus RG’s holdings in Green Dot were worth $277,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in Green Dot by 12.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 254,398 shares of the financial services provider’s stock worth $18,671,000 after acquiring an additional 27,979 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Green Dot by 30.6% during the second quarter. Public Employees Retirement System of Ohio now owns 69,861 shares of the financial services provider’s stock worth $5,127,000 after acquiring an additional 16,361 shares in the last quarter. Royce & Associates LP bought a new position in Green Dot during the second quarter worth about $477,000. Cynosure Advisors LLC bought a new position in Green Dot during the second quarter worth about $280,000. Finally, WINTON GROUP Ltd lifted its holdings in Green Dot by 93.1% during the second quarter. WINTON GROUP Ltd now owns 246,446 shares of the financial services provider’s stock worth $18,087,000 after acquiring an additional 118,790 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.
GDOT has been the topic of several recent analyst reports. Zacks Investment Research lowered Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Craig Hallum reiterated a “buy” rating on shares of Green Dot in a report on Friday, September 14th. ValuEngine lowered Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Deutsche Bank set a $79.00 target price on Green Dot and gave the stock a “hold” rating in a report on Thursday, November 8th. Finally, Citigroup set a $105.00 target price on Green Dot and gave the stock a “buy” rating in a report on Friday, November 9th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $91.33.
Shares of Green Dot stock opened at $79.00 on Friday. The stock has a market capitalization of $4.16 billion, a PE ratio of 50.00 and a beta of 1.03. Green Dot Co. has a one year low of $54.08 and a one year high of $93.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.13. The company had revenue of $230.58 million for the quarter, compared to analyst estimates of $223.95 million. Green Dot had a return on equity of 14.80% and a net margin of 11.47%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. Analysts predict that Green Dot Co. will post 2.49 earnings per share for the current fiscal year.
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Green Dot Company Profile
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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