Newtyn Management LLC Has $16.25 Million Position in Green Dot Corporation $GDOT

Newtyn Management LLC increased its stake in shares of Green Dot Corporation (NYSE:GDOT) by 743.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,203,203 shares of the financial services provider’s stock after purchasing an additional 1,060,598 shares during the quarter. Green Dot makes up about 2.1% of Newtyn Management LLC’s portfolio, making the stock its 18th largest holding. Newtyn Management LLC owned about 2.11% of Green Dot worth $16,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Topline Capital Management LLC grew its stake in shares of Green Dot by 7.2% during the second quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock worth $53,526,000 after buying an additional 331,817 shares during the last quarter. No Street GP LP lifted its stake in shares of Green Dot by 150.0% in the 3rd quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock valued at $53,720,000 after acquiring an additional 2,400,000 shares during the last quarter. Steel Partners Holdings L.P. bought a new position in shares of Green Dot in the 4th quarter valued at $48,332,000. Dimensional Fund Advisors LP boosted its holdings in shares of Green Dot by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider’s stock valued at $34,322,000 after acquiring an additional 222,293 shares in the last quarter. Finally, Western Standard LLC boosted its holdings in shares of Green Dot by 196.8% during the 4th 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 in the last quarter. Institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research lowered Green Dot from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Green Dot currently has an average rating of “Reduce” and a consensus target price of $16.12.

Green Dot Trading Up 0.1%

Shares of NYSE GDOT opened at $13.36 on Monday. The firm has a 50 day moving average price of $13.34 and a two-hundred day moving average price of $12.51. The stock has a market cap of $761.39 million, a P/E ratio of -26.20 and a beta of 0.84. Green Dot Corporation has a 52-week low of $10.10 and a 52-week high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 0.45.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Monday, August 10th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The business had revenue of $591.29 million for the quarter, compared to analyst estimates of $541.16 million. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. As a group, equities analysts forecast that Green Dot Corporation will post 1.32 EPS for the current 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.