OMERS ADMINISTRATION Corp Grows Position in Green Dot Corporation $GDOT

OMERS ADMINISTRATION Corp increased its stake in shares of Green Dot Corporation (NYSE:GDOT) by 167.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 330,200 shares of the financial services provider’s stock after acquiring an additional 206,600 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Green Dot were worth $3,705,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Green Dot by 23.1% during 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 purchasing an additional 1,221 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Green Dot by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock worth $268,000 after buying an additional 1,341 shares in the last quarter. OLD National Bancorp IN boosted its stake in Green Dot by 17.6% during the first quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,763 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Green Dot by 4.1% during the second quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider’s stock valued at $662,000 after buying an additional 2,412 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Green Dot by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 84,504 shares of the financial services provider’s stock valued at $911,000 after buying an additional 2,938 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

NYSE:GDOT opened at $13.15 on Tuesday. The firm has a market capitalization of $745.34 million, a PE ratio of -9.96 and a beta of 0.83. The stock’s fifty day moving average is $13.09 and its 200 day moving average is $12.32. Green Dot Corporation has a fifty-two week low of $9.31 and a fifty-two week high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 0.50.

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, beating analysts’ consensus estimates of $0.88 by $0.24. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. The business had revenue of $652.03 million for the quarter, compared to analysts’ expectations of $597.39 million. On average, sell-side analysts anticipate that Green Dot Corporation will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GDOT has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.12.

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.