Arrowstreet Capital Limited Partnership Purchases 980,012 Shares of Green Dot Corporation $GDOT

Arrowstreet Capital Limited Partnership increased its position in shares of Green Dot Corporation (NYSE:GDOT) by 403.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,223,123 shares of the financial services provider’s stock after acquiring an additional 980,012 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Green Dot were worth $13,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GDOT. American Century Companies Inc. raised its position in Green Dot by 14.8% in the second quarter. American Century Companies Inc. now owns 1,416,163 shares of the financial services provider’s stock valued at $15,266,000 after purchasing an additional 182,113 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Green Dot by 14.2% during the second quarter. Prudential Financial Inc. now owns 1,327,367 shares of the financial services provider’s stock worth $14,309,000 after purchasing an additional 165,026 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Green Dot by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,280,956 shares of the financial services provider’s stock valued at $13,812,000 after buying an additional 5,933 shares during the period. Nuveen LLC bought a new position in Green Dot in the 1st quarter valued at approximately $5,901,000. Finally, Jane Street Group LLC boosted its position in Green Dot by 235.6% during the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock worth $3,777,000 after buying an additional 314,208 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Activity

In other news, Director Saturnino Sixto Fanlo sold 13,451 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.61, for a total transaction of $169,617.11. Following the completion of the sale, the director directly owned 92,737 shares of the company’s stock, valued at $1,169,413.57. The trade was a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Chris Brewster sold 7,969 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.37, for a total transaction of $98,576.53. Following the completion of the transaction, the director directly owned 133,215 shares in the company, valued at approximately $1,647,869.55. The trade was a 5.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $13.01 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a twelve month low of $6.12 and a twelve month high of $15.41. The stock’s 50 day moving average is $12.24 and its 200-day moving average is $11.83. The firm has a market capitalization of $720.85 million, a price-to-earnings ratio of -15.30 and a beta of 0.84.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.17. Green Dot had a negative net margin of 2.33% and a positive return on equity of 9.81%. The business had revenue of $491.85 million during the quarter, compared to the consensus estimate of $483.84 million. During the same quarter last year, the firm posted $0.13 EPS. Green Dot’s revenue was up 20.8% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. Sell-side analysts forecast that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

GDOT has been the subject of several recent research reports. Wall Street Zen cut shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research note on Wednesday, October 8th. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Finally, Northland Securities set a $14.25 price target on Green Dot and gave the company a “market perform” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Green Dot currently has an average rating of “Reduce” and a consensus target price of $12.56.

Green Dot Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.