Ajo LP bought a new stake in shares of Green Dot Corp. (NYSE:GDOT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,131 shares of the financial services provider’s stock, valued at approximately $1,658,000. Ajo LP owned about 0.15% of Green Dot Corp. as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in shares of Green Dot Corp. by 33.1% in the second quarter. Teacher Retirement System of Texas now owns 6,435 shares of the financial services provider’s stock valued at $148,000 after buying an additional 1,599 shares during the period. Penserra Capital Management LLC raised its position in shares of Green Dot Corp. by 20.1% in the second quarter. Penserra Capital Management LLC now owns 8,192 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,371 shares during the period. Legal & General Group Plc raised its position in shares of Green Dot Corp. by 13.0% in the first quarter. Legal & General Group Plc now owns 9,744 shares of the financial services provider’s stock valued at $224,000 after buying an additional 1,123 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Green Dot Corp. during the first quarter valued at $253,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Green Dot Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 14,738 shares of the financial services provider’s stock valued at $339,000 after buying an additional 6,880 shares during the period. 77.06% of the stock is owned by institutional investors.

Green Dot Corp. (NYSE:GDOT) traded down 0.53% during midday trading on Tuesday, reaching $22.60. The company’s stock had a trading volume of 82,877 shares. The firm has a market cap of $1.10 billion, a P/E ratio of 33.93 and a beta of 0.91. The firm has a 50 day moving average price of $23.32 and a 200 day moving average price of $22.81. Green Dot Corp. has a one year low of $15.28 and a one year high of $24.41.

Green Dot Corp. (NYSE:GDOT) last announced its quarterly earnings results on Thursday, August 4th. The financial services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $173.50 million for the quarter, compared to analysts’ expectations of $169.27 million. Green Dot Corp. had a net margin of 5.01% and a return on equity of 7.80%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Equities research analysts forecast that Green Dot Corp. will post $1.43 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their target price on Green Dot Corp. from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Monday, August 8th. TheStreet downgraded Green Dot Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. BTIG Research restated a “hold” rating on shares of Green Dot Corp. in a research report on Friday, August 5th. Morgan Stanley set a $23.00 target price on Green Dot Corp. and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Deutsche Bank AG increased their target price on Green Dot Corp. from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.31.

In other news, Director Glinda Bridgforth-Hodges sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $23.35, for a total transaction of $151,775.00. Following the sale, the director now directly owns 9,614 shares in the company, valued at approximately $224,486.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John C. Ricci sold 16,582 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $23.24, for a total transaction of $385,365.68. Following the sale, the general counsel now owns 153,103 shares in the company, valued at $3,558,113.72. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by company insiders.

About Green Dot Corp.

Green Dot Corporation, along with its subsidiaries, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

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