Green Dot Corporation $GDOT Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in Green Dot Corporation (NYSE:GDOT) by 747.2% in the first quarter, Holdings Channel.com reports. The firm owned 474,968 shares of the financial services provider’s stock after purchasing an additional 418,906 shares during the period. Assenagon Asset Management S.A.’s holdings in Green Dot were worth $5,329,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new position in Green Dot during the fourth quarter worth about $286,000. Villanova Investment Management Co LLC increased its stake in shares of Green Dot by 4.5% during the 4th quarter. Villanova Investment Management Co LLC now owns 209,211 shares of the financial services provider’s stock valued at $2,680,000 after acquiring an additional 9,099 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Green Dot by 9.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 37,434 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 3,123 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Green Dot by 10.6% during the 4th quarter. XTX Topco Ltd now owns 81,558 shares of the financial services provider’s stock worth $1,045,000 after acquiring an additional 7,817 shares during the period. Finally, VARCOV Co. purchased a new position in shares of Green Dot during the 4th quarter worth about $258,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Down 0.2%

Shares of NYSE:GDOT opened at $13.34 on Tuesday. The stock has a 50-day simple moving average of $12.73 and a 200-day simple moving average of $12.27. The stock has a market capitalization of $755.88 million, a P/E ratio of -10.10 and a beta of 0.86. Green Dot Corporation has a 1 year low of $9.31 and a 1 year high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 0.50.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.88 by $0.24. The firm had revenue of $652.03 million for the quarter, compared to analyst estimates of $597.39 million. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. Equities analysts forecast that Green Dot Corporation will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Green Dot 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.