Renaissance Technologies LLC Acquires 32,890 Shares of Green Dot Co. (GDOT)

Renaissance Technologies LLC raised its holdings in shares of Green Dot Co. (NYSE:GDOT) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,422,090 shares of the financial services provider’s stock after buying an additional 32,890 shares during the period. Renaissance Technologies LLC’s holdings in Green Dot were worth $85,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. LS Investment Advisors LLC lifted its position in shares of Green Dot by 70.4% during the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,082 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Green Dot during the fourth quarter worth $185,000. Shelton Capital Management acquired a new position in shares of Green Dot during the third quarter worth $210,000. Brown Advisory Inc. acquired a new position in shares of Green Dot during the third quarter worth $229,000. Finally, Quantbot Technologies LP lifted its position in shares of Green Dot by 212.7% during the third quarter. Quantbot Technologies LP now owns 4,866 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 3,310 shares in the last quarter. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Green Dot Co. (NYSE:GDOT) opened at $67.87 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3,477.52, a price-to-earnings ratio of 41.38 and a beta of 0.79. Green Dot Co. has a 12 month low of $29.93 and a 12 month high of $69.37.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $212.99 million during the quarter, compared to analyst estimates of $206.07 million. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The business’s revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. analysts expect that Green Dot Co. will post 2.44 EPS for the current year.

In other Green Dot news, CAO Jess Unruh sold 5,670 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.00, for a total transaction of $368,550.00. Following the completion of the sale, the chief accounting officer now owns 99,075 shares in the company, valued at $6,439,875. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven W. Streit sold 4,165 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $66.39, for a total transaction of $276,514.35. Following the sale, the chief executive officer now owns 178,121 shares of the company’s stock, valued at approximately $11,825,453.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 317,355 shares of company stock valued at $19,494,004. 11.00% of the stock is owned by insiders.

A number of research analysts have recently commented on GDOT shares. Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, November 13th. William Blair reissued an “outperform” rating on shares of Green Dot in a research report on Monday, February 12th. Citigroup cut shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research report on Monday, November 13th. SunTrust Banks reissued a “buy” rating and set a $72.00 target price on shares of Green Dot in a research report on Friday, February 23rd. Finally, ValuEngine raised shares of Green Dot from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Green Dot has an average rating of “Buy” and an average target price of $63.29.

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Green Dot Profile

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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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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