Caxton Associates LLP Has $4.79 Million Position in Green Dot Corporation $GDOT

Caxton Associates LLP increased its stake in Green Dot Corporation (NYSE:GDOT) by 399.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,789 shares of the financial services provider’s stock after purchasing an additional 341,315 shares during the period. Caxton Associates LLP’s holdings in Green Dot were worth $4,789,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Steel Partners Holdings L.P. bought a new position in Green Dot in the 4th quarter valued at $48,332,000. No Street GP LP raised its position in shares of 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. Western Standard LLC lifted its stake in shares of Green Dot by 196.8% during the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after acquiring an additional 1,311,170 shares during the period. CenterBook Partners LP lifted its stake in shares of Green Dot by 406.7% during the fourth quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider’s stock valued at $15,797,000 after acquiring an additional 989,823 shares during the period. Finally, Oberweis Asset Management Inc. bought a new position in Green Dot in the third quarter valued at about $13,031,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Down 1.3%

Shares of NYSE:GDOT opened at $13.12 on Friday. The company has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $12.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $743.36 million, a PE ratio of -9.94 and a beta of 0.83. Green Dot Corporation has a 52 week low of $9.31 and a 52 week high of $15.41.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GDOT. Zacks Research downgraded shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Green Dot presently has a consensus rating of “Hold” and a consensus price target of $16.12.

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.