Quantinno Capital Management LP Takes $533,000 Position in Green Dot Co. (NYSE:GDOT)

Quantinno Capital Management LP bought a new position in Green Dot Co. (NYSE:GDOT) in the 1st quarter, Holdings Channel reports. The institutional investor bought 8,780 shares of the financial services provider’s stock, valued at approximately $533,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc grew its holdings in Green Dot by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 5,670,625 shares of the financial services provider’s stock valued at $503,665,000 after buying an additional 71,806 shares in the last quarter. Bank of Montreal Can grew its holdings in Green Dot by 15.0% during the 4th quarter. Bank of Montreal Can now owns 2,628 shares of the financial services provider’s stock valued at $210,000 after buying an additional 343 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Green Dot during the 4th quarter valued at approximately $228,000. Rhumbline Advisers grew its holdings in Green Dot by 22.7% during the 4th quarter. Rhumbline Advisers now owns 134,588 shares of the financial services provider’s stock valued at $10,702,000 after buying an additional 24,909 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Green Dot during the 4th quarter valued at approximately $5,574,000. 86.33% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Steven W. Streit sold 23,105 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $59.60, for a total value of $1,377,058.00. Following the completion of the sale, the insider now directly owns 35,005 shares of the company’s stock, valued at approximately $2,086,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Brett Narlinger sold 5,532 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $48.87, for a total value of $270,348.84. Following the completion of the sale, the executive now directly owns 81,554 shares of the company’s stock, valued at $3,985,543.98. The disclosure for this sale can be found here. Insiders sold a total of 85,105 shares of company stock valued at $5,012,924 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Shares of NYSE:GDOT traded down $0.78 during trading on Friday, hitting $49.03. The company had a trading volume of 307,263 shares, compared to its average volume of 653,453. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 19.38 and a beta of 1.00. Green Dot Co. has a one year low of $41.67 and a one year high of $93.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.04 and a quick ratio of 1.04.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.10. The business had revenue of $340.51 million during the quarter, compared to analyst estimates of $330.17 million. Green Dot had a return on equity of 15.74% and a net margin of 10.56%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. As a group, analysts expect that Green Dot Co. will post 2.11 earnings per share for the current fiscal year.

Several equities analysts have weighed in on GDOT shares. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating in a report on Thursday, May 9th. Needham & Company LLC cut their price target on Green Dot from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Craig Hallum cut their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Friday, May 3rd. Finally, Loop Capital restated a “buy” rating and set a $75.00 price target on shares of Green Dot in a report on Thursday, May 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Green Dot presently has an average rating of “Buy” and a consensus price target of $82.71.

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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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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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