Inspire Investing LLC Buys Shares of 145,535 Green Dot Corporation $GDOT

Inspire Investing LLC bought a new position in shares of Green Dot Corporation (NYSE:GDOT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 145,535 shares of the financial services provider’s stock, valued at approximately $1,633,000. Inspire Investing LLC owned 0.26% of Green Dot at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD National Bancorp IN boosted its position in shares of Green Dot by 17.6% during the 1st quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 1,763 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Green Dot by 747.2% in the first quarter. Assenagon Asset Management S.A. now owns 474,968 shares of the financial services provider’s stock valued at $5,329,000 after buying an additional 418,906 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Green Dot in the 4th quarter valued at $286,000. Villanova Investment Management Co LLC lifted its stake in Green Dot by 4.5% during the 4th quarter. Villanova Investment Management Co LLC now owns 209,211 shares of the financial services provider’s stock worth $2,680,000 after acquiring an additional 9,099 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Green Dot by 9.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 37,434 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 3,123 shares in the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GDOT has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Craig Hallum restated a “buy” rating and issued a $18.00 price target on shares of Green Dot in a research note on Tuesday, March 17th. Finally, Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Green Dot has an average rating of “Hold” and a consensus price target of $14.75.

Green Dot Stock Up 1.1%

Green Dot stock opened at $13.49 on Wednesday. The stock has a market cap of $764.39 million, a PE ratio of -10.22 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50. The stock’s fifty day moving average is $12.75 and its two-hundred day moving average is $12.27. Green Dot Corporation has a 1-year low of $9.31 and a 1-year high of $15.41.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.24. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%.The business had revenue of $652.03 million during the quarter, compared to analysts’ expectations of $597.39 million. On average, sell-side analysts expect that Green Dot Corporation will post 1.33 EPS for the current fiscal year.

Green Dot Company 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.