Assenagon Asset Management S.A. Reduces Holdings in Green Dot Corporation $GDOT

Assenagon Asset Management S.A. reduced its stake in shares of Green Dot Corporation (NYSE:GDOT) by 51.6% in the 4th quarter, HoldingsChannel reports. The firm owned 56,062 shares of the financial services provider’s stock after selling 59,655 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Green Dot were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDOT. No Street GP LP grew its holdings in 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 valued at $53,720,000 after buying an additional 2,400,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Green Dot by 403.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider’s stock worth $13,185,000 after acquiring an additional 980,012 shares during the last quarter. Oberweis Asset Management Inc. acquired a new position in shares of Green Dot in the third quarter worth $13,031,000. Acuitas Investments LLC purchased a new stake in shares of Green Dot in the third quarter valued at $5,587,000. Finally, Topline Capital Management LLC lifted its position in shares of Green Dot by 7.2% in the second quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock valued at $53,526,000 after acquiring an additional 331,817 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen upgraded Green Dot from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $18.00 price target on shares of Green Dot in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.56.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $11.23 on Thursday. The company has a market cap of $623.77 million, a P/E ratio of -6.31 and a beta of 0.81. The business has a fifty day simple moving average of $11.66 and a 200-day simple moving average of $12.33. Green Dot Corporation has a 52 week low of $6.59 and a 52 week high of $15.41. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Monday, March 16th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $519.72 million for the quarter, compared to analyst estimates of $508.09 million. Green Dot had a positive return on equity of 6.93% and a negative net margin of 4.75%. Equities research analysts forecast that Green Dot Corporation will post 0.87 EPS 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.