Stephens Investment Management Group LLC grew its stake in Green Dot Co. (NYSE:GDOT) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,106,376 shares of the financial services provider’s stock after buying an additional 211,017 shares during the quarter. Green Dot accounts for about 1.0% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 28th biggest holding. Stephens Investment Management Group LLC owned about 2.08% of Green Dot worth $54,102,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in GDOT. TimesSquare Capital Management LLC acquired a new position in shares of Green Dot in the first quarter valued at approximately $18,215,000. Rice Hall James & Associates LLC acquired a new position in Green Dot during the second quarter worth $14,555,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Green Dot by 59.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 481,660 shares of the financial services provider’s stock worth $29,213,000 after purchasing an additional 179,300 shares during the last quarter. Alta Capital Management LLC acquired a new position in Green Dot during the second quarter worth $8,437,000. Finally, Copper Rock Capital Partners LLC boosted its holdings in Green Dot by 58.5% during the second quarter. Copper Rock Capital Partners LLC now owns 444,976 shares of the financial services provider’s stock worth $21,759,000 after purchasing an additional 164,194 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.
Several research analysts recently commented on the stock. Citigroup cut shares of Green Dot from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. ValuEngine cut shares of Green Dot from a “sell” rating to a “strong sell” rating in a report on Thursday, August 8th. Deutsche Bank dropped their price target on shares of Green Dot from $44.00 to $29.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Guggenheim raised shares of Green Dot from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Loop Capital reaffirmed a “buy” rating and set a $75.00 price target on shares of Green Dot in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.18.
NYSE GDOT traded up $0.71 on Thursday, hitting $29.57. 434,680 shares of the stock were exchanged, compared to its average volume of 1,231,339. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.04. The business has a fifty day simple moving average of $45.90. Green Dot Co. has a 52 week low of $24.19 and a 52 week high of $93.00. The stock has a market capitalization of $1.48 billion, a P/E ratio of 11.69 and a beta of 0.96.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.33. The company had revenue of $278.33 million for the quarter, compared to analyst estimates of $266.93 million. Green Dot had a net margin of 10.81% and a return on equity of 16.77%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, equities analysts expect that Green Dot Co. will post 2.12 EPS for the current fiscal year.
About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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