Credit Industriel ET Commercial Acquires 245,000 Shares of Green Dot Corporation $GDOT

Credit Industriel ET Commercial lifted its holdings in Green Dot Corporation (NYSE:GDOT) by 245.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 345,000 shares of the financial services provider’s stock after buying an additional 245,000 shares during the period. Credit Industriel ET Commercial owned about 0.62% of Green Dot worth $3,871,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GDOT. Topline Capital Management LLC lifted its holdings in shares of Green Dot by 7.2% in the 2nd 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 during the last quarter. No Street GP LP increased its stake in Green Dot by 150.0% during the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after acquiring an additional 2,400,000 shares during the last quarter. Steel Partners Holdings L.P. purchased a new stake in Green Dot during the fourth quarter valued at approximately $48,332,000. Dimensional Fund Advisors LP raised its position in Green Dot by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,836,651 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 56,547 shares during the period. Finally, Western Standard LLC lifted its stake in shares of Green Dot by 196.8% in the 4th quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after purchasing an additional 1,311,170 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Trading Up 0.6%

Shares of NYSE:GDOT opened at $13.34 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $12.84 and its 200-day simple moving average is $12.28. Green Dot Corporation has a 12-month low of $9.31 and a 12-month high of $15.41. The company has a market capitalization of $755.88 million, a PE ratio of -10.12 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

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

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.