Globeflex Capital L P Has $620,000 Holdings in Green Dot Co. (GDOT)
Globeflex Capital L P grew its stake in Green Dot Co. (NYSE:GDOT) by 72,871.4% in the first quarter, Holdings Channel reports. The institutional investor owned 10,216 shares of the financial services provider’s stock after buying an additional 10,202 shares during the quarter. Globeflex Capital L P’s holdings in Green Dot were worth $620,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Aurora Investment Counsel bought a new position in shares of Green Dot in the first quarter worth about $1,686,000. Falcon Point Capital LLC bought a new position in Green Dot during the fourth quarter valued at about $2,514,000. Emerald Mutual Fund Advisers Trust increased its stake in Green Dot by 725.0% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 323,963 shares of the financial services provider’s stock valued at $25,762,000 after acquiring an additional 284,693 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Green Dot during the fourth quarter valued at about $24,043,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Green Dot by 13.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,250 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 373 shares during the period. 86.34% of the stock is owned by institutional investors.
GDOT has been the topic of several research reports. Guggenheim lowered Green Dot from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. ValuEngine lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Craig Hallum lowered their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Northland Securities lowered Green Dot from an “outperform” rating to a “market perform” rating and set a $58.00 price target on the stock. in a research note on Thursday, May 9th. Finally, Keefe, Bruyette & Woods upgraded Green Dot from a “market perform” rating to an “outperform” rating in a research note on Monday, April 1st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $82.71.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. The company had revenue of $340.51 million for the quarter, compared to the consensus estimate of $330.17 million. Green Dot had a return on equity of 15.74% and a net margin of 10.56%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. On average, sell-side analysts predict that Green Dot Co. will post 2.12 EPS for the current year.
In other Green Dot news, insider Steven W. Streit sold 23,105 shares of Green Dot stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $59.60, for a total transaction of $1,377,058.00. Following the sale, the insider now directly owns 35,005 shares of the company’s stock, valued at $2,086,298. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven W. Streit sold 15,402 shares of Green Dot stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $61.48, for a total value of $946,914.96. Following the sale, the insider now directly owns 7,801 shares in the company, valued at $479,605.48. The disclosure for this sale can be found here. Insiders have sold 103,013 shares of company stock worth $6,112,035 over the last ninety days. Company insiders own 7.80% of the company’s stock.
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Green Dot Company Profile
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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