WINTON GROUP Ltd acquired a new position in Green Dot Co. (NYSE:GDOT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,243 shares of the financial services provider’s stock, valued at approximately $2,293,000. WINTON GROUP Ltd owned 0.09% of Green Dot as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in GDOT. Rothschild Asset Management Inc. bought a new position in Green Dot during the third quarter worth about $29,051,000. Renaissance Technologies LLC boosted its holdings in Green Dot by 57.4% during the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after buying an additional 299,842 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Green Dot by 202.2% during the second quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock worth $16,937,000 after buying an additional 294,121 shares during the last quarter. GMT Capital Corp bought a new position in Green Dot during the third quarter worth about $13,178,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Green Dot during the third quarter worth about $7,420,000. Hedge funds and other institutional investors own 79.31% of the company’s stock.
GDOT has been the topic of several recent analyst reports. Craig Hallum initiated coverage on Green Dot in a report on Thursday, October 5th. They set a “buy” rating and a $70.00 price objective on the stock. Citigroup lifted their price objective on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, September 18th. Zacks Investment Research cut Green Dot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Jefferies Group reiterated a “buy” rating and set a $53.00 price objective on shares of Green Dot in a report on Thursday, October 12th. Finally, BidaskClub cut Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.36.
Shares of Green Dot Co. (GDOT) opened at $61.27 on Friday. The company has a market capitalization of $3,113.74, a P/E ratio of 35.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. Green Dot Co. has a 12 month low of $23.39 and a 12 month high of $65.88.
Green Dot (NYSE:GDOT) last released its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. equities research analysts expect that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
About Green Dot
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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