First Quadrant L P CA Has $175,000 Stake in Green Dot Co. (GDOT)
First Quadrant L P CA lifted its holdings in shares of Green Dot Co. (NYSE:GDOT) by 176.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,197 shares of the financial services provider’s stock after acquiring an additional 1,402 shares during the quarter. First Quadrant L P CA’s holdings in Green Dot were worth $175,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in GDOT. Strs Ohio increased its holdings in Green Dot by 102.5% in the fourth quarter. Strs Ohio now owns 40,500 shares of the financial services provider’s stock valued at $3,220,000 after buying an additional 20,500 shares during the last quarter. Bank of Montreal Can increased its holdings in Green Dot by 15.0% in the fourth quarter. Bank of Montreal Can now owns 2,628 shares of the financial services provider’s stock valued at $210,000 after buying an additional 343 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in Green Dot by 72.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 19,000 shares of the financial services provider’s stock valued at $1,511,000 after buying an additional 8,000 shares during the last quarter. Legacy Financial Advisors Inc. bought a new stake in Green Dot in the fourth quarter valued at about $29,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in Green Dot in the fourth quarter valued at about $70,000. 86.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of GDOT stock opened at $78.07 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. Green Dot Co. has a 52 week low of $54.08 and a 52 week high of $93.00. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 34.35 and a beta of 0.98.
GDOT has been the subject of several research analyst reports. 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 price objective on Green Dot and gave the company a “hold” rating in a report on Thursday, November 8th. Craig Hallum set a $115.00 price objective on Green Dot and gave the company a “buy” rating in a report on Thursday, November 8th. Citigroup set a $105.00 price objective on Green Dot and gave the company a “buy” rating in a report on Friday, November 9th. Finally, Zacks Investment Research raised Green Dot from a “hold” rating to a “strong-buy” rating and set a $91.00 price objective for the company in a report on Wednesday, November 14th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $91.23.
In other news, insider Steven W. Streit sold 29,580 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $74.96, for a total transaction of $2,217,316.80. Following the completion of the transaction, the insider now directly owns 112,059 shares in the company, valued at $8,399,942.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel John C. Ricci sold 4,466 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $84.48, for a total value of $377,287.68. Following the transaction, the general counsel now owns 46,405 shares of the company’s stock, valued at $3,920,294.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,192 shares of company stock valued at $16,027,494. 9.70% of the stock is currently owned by insiders.
About Green Dot
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.
Further Reading: Debt-To-Equity Ratio
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