Caxton Associates LLP increased its position in shares of Green Dot Corporation (NYSE:GDOT – Free Report) by 399.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,789 shares of the financial services provider’s stock after purchasing an additional 341,315 shares during the period. Caxton Associates LLP owned about 0.77% of Green Dot worth $4,789,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GDOT. Steel Partners Holdings L.P. bought a new stake in Green Dot in the 4th quarter valued at $48,332,000. No Street GP LP lifted its holdings in shares of Green Dot by 150.0% during the 3rd quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after acquiring an additional 2,400,000 shares during the period. Western Standard LLC boosted its position in shares of Green Dot by 196.8% during the 4th quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after acquiring an additional 1,311,170 shares in the last quarter. CenterBook Partners LP boosted its position in shares of Green Dot by 406.7% during the 4th quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider’s stock valued at $15,797,000 after acquiring an additional 989,823 shares in the last quarter. Finally, Oberweis Asset Management Inc. bought a new stake in Green Dot in the third quarter valued at about $13,031,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.
Green Dot Stock Performance
NYSE GDOT opened at $13.12 on Friday. Green Dot Corporation has a 1-year low of $9.31 and a 1-year high of $15.41. The company has a 50 day moving average of $13.07 and a 200-day moving average of $12.31. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The firm has a market cap of $743.36 million, a price-to-earnings ratio of -9.94 and a beta of 0.83.
Analyst Ratings Changes
GDOT has been the subject of a number of analyst reports. Zacks Research cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.12.
Read Our Latest Stock Analysis on GDOT
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.
Featured Articles
- Five stocks we like better than Green Dot
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Corporation (NYSE:GDOT – Free Report).
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.
