BNP Paribas Arbitrage SA increased its stake in shares of Green Dot Corporation (NYSE:GDOT) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,024 shares of the financial services provider’s stock after purchasing an additional 977 shares during the period. BNP Paribas Arbitrage SA’s holdings in Green Dot Corporation were worth $617,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new stake in shares of Green Dot Corporation during the second quarter worth $108,000. IFP Advisors Inc grew its stake in shares of Green Dot Corporation by 5,537.3% during the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 2,824 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Green Dot Corporation during the first quarter worth $118,000. Asset Management One Co. Ltd. acquired a new stake in shares of Green Dot Corporation during the first quarter worth $162,000. Finally, BTC Capital Management Inc. acquired a new stake in shares of Green Dot Corporation during the second quarter worth $209,000. 77.52% of the stock is owned by institutional investors and hedge funds.
In other news, Director Glinda Bridgforth-Hodges sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total value of $351,900.00. Following the completion of the sale, the director now directly owns 5,003 shares in the company, valued at approximately $234,740.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $46.74, for a total value of $373,686.30. Following the completion of the sale, the insider now owns 217,010 shares of the company’s stock, valued at $10,143,047.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,171 shares of company stock valued at $5,538,403. Company insiders own 11.00% of the company’s stock.
Green Dot Corporation (NYSE:GDOT) opened at 47.99 on Wednesday. The firm has a market capitalization of $2.42 billion, a PE ratio of 40.81 and a beta of 1.01. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $48.66. The firm has a 50-day moving average price of $44.69 and a 200-day moving average price of $37.76.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same period last year, the business posted $0.27 EPS. The business’s revenue was up 28.2% compared to the same quarter last year. Equities analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.
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GDOT has been the subject of a number of analyst reports. Zacks Investment Research cut Green Dot Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Lake Street Capital initiated coverage on Green Dot Corporation in a research note on Monday, June 26th. They set a “hold” rating and a $41.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price objective on shares of Green Dot Corporation in a research note on Monday, May 22nd. ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods set a $37.00 price objective on Green Dot Corporation and gave the stock a “hold” rating in a research note on Thursday, July 6th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.33.
About Green Dot Corporation
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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