Renaissance Technologies LLC boosted its holdings in Green Dot Corporation (NYSE:GDOT – Free Report) by 167.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,400 shares of the financial services provider’s stock after purchasing an additional 38,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Green Dot were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Green Dot in the 4th quarter worth about $66,000. Tower Research Capital LLC TRC grew its holdings in Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,221 shares during the period. Caxton Associates LLP acquired a new position in shares of Green Dot during the 1st quarter valued at about $96,000. OLD National Bancorp IN acquired a new position in shares of Green Dot during the 4th quarter valued at about $128,000. Finally, DRW Securities LLC purchased a new position in shares of Green Dot during the 4th quarter worth about $154,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GDOT has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.12.
Green Dot Stock Performance
Shares of NYSE:GDOT opened at $13.51 on Monday. The business has a 50-day moving average of $13.23 and a two-hundred day moving average of $12.42. The firm has a market capitalization of $769.88 million, a PE ratio of -26.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.45 and a quick ratio of 0.45. Green Dot Corporation has a 12 month low of $10.10 and a 12 month high of $15.41.
Green Dot (NYSE:GDOT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. The firm had revenue of $591.29 million during the quarter, compared to analyst estimates of $541.16 million. As a group, research analysts forecast that Green Dot Corporation will post 1.33 earnings per share for the current year.
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.
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