CenterBook Partners LP Invests $3.27 Million in Green Dot Corporation $GDOT

CenterBook Partners LP purchased a new position in Green Dot Corporation (NYSE:GDOT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 243,353 shares of the financial services provider’s stock, valued at approximately $3,268,000. CenterBook Partners LP owned approximately 0.44% of Green Dot at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Topline Capital Management LLC raised its holdings in Green Dot by 7.2% in the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock valued at $53,526,000 after acquiring an additional 331,817 shares during the last quarter. American Century Companies Inc. grew its position in shares of Green Dot by 14.8% in the second quarter. American Century Companies Inc. now owns 1,416,163 shares of the financial services provider’s stock valued at $15,266,000 after purchasing an additional 182,113 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Green Dot by 14.2% in the second quarter. Prudential Financial Inc. now owns 1,327,367 shares of the financial services provider’s stock valued at $14,309,000 after purchasing an additional 165,026 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Green Dot by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,280,956 shares of the financial services provider’s stock valued at $13,812,000 after purchasing an additional 5,933 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Green Dot by 403.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider’s stock worth $13,185,000 after buying an additional 980,012 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Green Dot

In other Green Dot news, Director J Chris Brewster sold 7,969 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $12.37, for a total transaction of $98,576.53. Following the transaction, the director directly owned 133,215 shares in the company, valued at $1,647,869.55. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the firm’s stock in a transaction 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 transaction, the director owned 92,737 shares of the company’s stock, valued at approximately $1,169,413.57. This represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GDOT has been the subject of several analyst reports. Wall Street Zen cut Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. William Blair reissued a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, January 22nd. Finally, Northland Securities set a $14.25 target price on shares of Green Dot and gave the company a “market perform” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.56.

Green Dot Trading Up 1.7%

Shares of GDOT stock opened at $12.11 on Thursday. Green Dot Corporation has a 1-year low of $6.12 and a 1-year high of $15.41. The firm has a market cap of $671.30 million, a PE ratio of -14.25 and a beta of 0.81. The company has a 50-day moving average of $12.48 and a two-hundred day moving average of $12.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54.

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.