Green Dot Corporation $GDOT Position Raised by Western Standard LLC

Western Standard LLC lifted its holdings in shares of Green Dot Corporation (NYSE:GDOT) by 196.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,977,500 shares of the financial services provider’s stock after acquiring an additional 1,311,170 shares during the quarter. Green Dot comprises approximately 11.7% of Western Standard LLC’s portfolio, making the stock its 3rd largest holding. Western Standard LLC’s holdings in Green Dot were worth $25,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Green Dot by 785.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 212,044 shares of the financial services provider’s stock valued at $2,848,000 after buying an additional 188,093 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Green Dot during the third quarter valued at $1,196,000. Counterpoint Mutual Funds LLC boosted its position in shares of Green Dot by 415.5% during the third quarter. Counterpoint Mutual Funds LLC now owns 197,653 shares of the financial services provider’s stock valued at $2,654,000 after buying an additional 159,308 shares during the last quarter. Acuitas Investments LLC purchased a new stake in shares of Green Dot during the third quarter valued at $5,587,000. Finally, CenterBook Partners LP purchased a new stake in shares of Green Dot during the third quarter valued at $3,268,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GDOT has been the topic of a number of recent research reports. Craig Hallum reissued a “buy” rating and issued a $18.00 target price on shares of Green Dot in a report on Tuesday, March 17th. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $13.56.

Green Dot Stock Up 0.6%

NYSE GDOT opened at $12.64 on Friday. The stock’s 50-day moving average price is $11.63 and its 200-day moving average price is $12.07. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a 52 week low of $8.57 and a 52 week high of $15.41. The company has a market capitalization of $702.13 million, a P/E ratio of -7.10 and a beta of 0.86.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Monday, March 16th. The financial services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Green Dot had a positive return on equity of 6.93% and a negative net margin of 4.75%.The firm had revenue of $519.72 million for the quarter, compared to the consensus estimate of $508.09 million. On average, equities research analysts predict that Green Dot Corporation will post 1.09 earnings per share for the current year.

About Green Dot

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.