Acuitas Investments LLC Acquires Shares of 271,611 Green Dot Corporation $GDOT

Acuitas Investments LLC acquired a new stake in shares of Green Dot Corporation (NYSE:GDOT) during the third quarter, HoldingsChannel reports. The fund acquired 271,611 shares of the financial services provider’s stock, valued at approximately $3,648,000. Green Dot accounts for approximately 2.3% of Acuitas Investments LLC’s holdings, making the stock its 21st largest holding.

Several other institutional investors also recently bought and sold shares of GDOT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Green Dot by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 1,341 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Green Dot in the first quarter worth about $96,000. Empowered Funds LLC boosted its position in Green Dot by 7.2% during the first quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock worth $1,679,000 after purchasing an additional 13,437 shares in the last quarter. Jane Street Group LLC grew its stake in Green Dot by 235.6% in the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock valued at $3,777,000 after acquiring an additional 314,208 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Green Dot in the second quarter valued at about $208,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GDOT. Northland Securities set a $14.25 price target on shares of Green Dot and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Wall Street Zen cut shares of Green Dot from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $18.00 target price on shares of Green Dot in a report on Tuesday. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $13.56.

Green Dot Stock Up 6.6%

GDOT stock opened at $11.35 on Wednesday. The firm’s 50-day simple moving average is $11.93 and its 200 day simple moving average is $12.53. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. The stock has a market cap of $629.02 million, a PE ratio of -6.38 and a beta of 0.82. Green Dot Corporation has a fifty-two week low of $6.59 and a fifty-two week high of $15.41.

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.