162,732 Shares in Green Dot Corporation $GDOT Acquired by Rangeley Capital LLC

Rangeley Capital LLC bought a new stake in Green Dot Corporation (NYSE:GDOT) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 162,732 shares of the financial services provider’s stock, valued at approximately $1,826,000. Green Dot accounts for approximately 1.7% of Rangeley Capital LLC’s investment portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in Green Dot in the fourth quarter worth $66,000. Tower Research Capital LLC TRC boosted its stake in shares of Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the last quarter. Caxton Associates LLP acquired a new position in Green Dot in the first quarter valued at approximately $96,000. OLD National Bancorp IN bought a new position in Green Dot in the fourth quarter valued at approximately $128,000. Finally, DRW Securities LLC bought a new position in Green Dot in the fourth quarter valued at approximately $154,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Green Dot Trading Down 0.1%

Green Dot stock opened at $13.27 on Monday. The firm has a 50-day moving average of $13.08 and a 200-day moving average of $12.31. Green Dot Corporation has a one year low of $9.31 and a one year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $752.14 million, a price-to-earnings ratio of -10.05 and a beta of 0.83.

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

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.