CenterBook Partners LP Boosts Stock Holdings in Green Dot Corporation $GDOT

CenterBook Partners LP boosted its position in shares of Green Dot Corporation (NYSE:GDOT) by 406.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,233,176 shares of the financial services provider’s stock after buying an additional 989,823 shares during the period. Green Dot accounts for about 0.8% of CenterBook Partners LP’s portfolio, making the stock its 23rd largest holding. CenterBook Partners LP owned 2.23% of Green Dot worth $15,797,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GDOT. Tower Research Capital LLC TRC increased its stake in Green Dot by 23.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,221 shares in the last quarter. Caxton Associates LLP purchased a new stake in Green Dot during the 1st quarter worth approximately $96,000. OLD National Bancorp IN purchased a new stake in Green Dot during the 4th quarter worth approximately $128,000. Zacks Investment Management purchased a new stake in Green Dot during the 3rd quarter worth approximately $188,000. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of Green Dot by 99.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 22,966 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 11,423 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GDOT has been the topic of several recent research reports. Craig Hallum restated a “buy” rating and set a $18.00 target price on shares of Green Dot in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, Wall Street Zen upgraded Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.75.

Green Dot Trading Up 0.3%

Shares of Green Dot stock opened at $12.70 on Monday. The stock has a market cap of $720.06 million, a P/E ratio of -9.62 and a beta of 0.86. The stock’s 50 day simple moving average is $12.21 and its 200-day simple moving average is $12.18. Green Dot Corporation has a 1-year low of $9.30 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.24. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%.The business had revenue of $652.03 million for the quarter, compared to analysts’ expectations of $597.39 million. Analysts predict that Green Dot Corporation will post 1.33 EPS for the current fiscal year.

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.