Y Intercept Hong Kong Ltd Purchases New Shares in Green Dot Corporation $GDOT

Y Intercept Hong Kong Ltd bought a new stake in shares of Green Dot Corporation (NYSE:GDOT) in the 3rd quarter, Holdings Channel reports. The fund bought 89,018 shares of the financial services provider’s stock, valued at approximately $1,196,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Green Dot by 14.8% during the second quarter. American Century Companies Inc. now owns 1,416,163 shares of the financial services provider’s stock worth $15,266,000 after purchasing an additional 182,113 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Green Dot by 403.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider’s stock worth $13,185,000 after purchasing an additional 980,012 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Green Dot by 785.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 212,044 shares of the financial services provider’s stock worth $2,848,000 after buying an additional 188,093 shares in the last quarter. Icon Advisers Inc. Co. grew its stake in shares of Green Dot by 64.5% in the second quarter. Icon Advisers Inc. Co. now owns 71,452 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 28,017 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Green Dot by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 1,327,367 shares of the financial services provider’s stock valued at $14,309,000 after buying an additional 165,026 shares during the period. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director J Chris Brewster sold 7,969 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.37, for a total value of $98,576.53. Following the sale, the director owned 133,215 shares of the company’s stock, valued at approximately $1,647,869.55. This represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.61, for a total value of $169,617.11. Following the completion of the transaction, the director directly owned 92,737 shares in the company, valued at $1,169,413.57. The trade was a 12.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GDOT. Wall Street Zen cut Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Northland Securities set a $14.25 price target on shares of Green Dot and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. William Blair restated a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Zacks Research downgraded shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.56.

Green Dot Stock Down 1.9%

GDOT stock opened at $12.19 on Friday. The company has a market cap of $675.29 million, a PE ratio of -14.34 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a twelve month low of $6.12 and a twelve month high of $15.41. The business’s 50-day simple moving average is $12.67 and its 200 day simple moving average is $12.50.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, November 10th. The financial services provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.17. Green Dot had a positive return on equity of 9.81% and a negative net margin of 2.33%.The firm had revenue of $491.85 million during the quarter, compared to analysts’ expectations of $483.84 million. During the same period last year, the business earned $0.13 earnings per share. Green Dot’s quarterly revenue was up 20.8% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. On average, research analysts anticipate that Green Dot Corporation will post 0.87 earnings per share for the current year.

Green Dot Profile

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.