Green Dot Corporation $GDOT Shares Purchased by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in Green Dot Corporation (NYSE:GDOT) by 406.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,233,176 shares of the financial services provider’s stock after acquiring an additional 989,823 shares during the period. Green Dot accounts for about 0.8% of CenterBook Partners LP’s portfolio, making the stock its 23rd largest holding. CenterBook Partners LP’s holdings in Green Dot were worth $15,797,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GDOT. Tower Research Capital LLC TRC lifted its holdings in Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after acquiring 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 acquired a new position in Green Dot in the fourth quarter valued at approximately $128,000. Zacks Investment Management acquired a new position in Green Dot in the third quarter valued at approximately $188,000. Finally, State of Tennessee Department of Treasury lifted its holdings in Green Dot by 99.0% in the second quarter. State of Tennessee Department of Treasury now owns 22,966 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 11,423 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Up 0.3%

Shares of NYSE GDOT opened at $12.70 on Monday. The firm has a market cap of $720.06 million, a price-to-earnings ratio of -9.62 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a 52-week low of $9.30 and a 52-week high of $15.41. The business’s 50 day moving average is $12.21 and its two-hundred day moving average is $12.18.

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

Analysts Set New Price Targets

GDOT has been the topic of a number of recent analyst reports. Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Craig Hallum reissued a “buy” rating and issued a $18.00 target price on shares of Green Dot in a research report on Tuesday, March 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.75.

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.