Fox Run Management L.L.C. Makes New Investment in Green Dot Corporation $GDOT

Fox Run Management L.L.C. acquired a new stake in shares of Green Dot Corporation (NYSE:GDOT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,011 shares of the financial services provider’s stock, valued at approximately $177,000.

A number of other institutional investors and hedge funds have also modified their holdings of GDOT. Topline Capital Management LLC purchased a new stake in Green Dot during the 4th quarter worth approximately $57,209,000. Walmart Inc. acquired a new stake in shares of Green Dot in the fourth quarter worth approximately $10,374,000. Nuveen LLC purchased a new stake in shares of Green Dot during the first quarter worth approximately $5,901,000. Dimensional Fund Advisors LP raised its stake in Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock valued at $22,496,000 after purchasing an additional 363,831 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Green Dot in the 4th quarter valued at $2,048,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT stock opened at $13.6230 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $747.77 million, a PE ratio of -30.96 and a beta of 0.75. The firm’s 50-day moving average is $10.83 and its two-hundred day moving average is $9.28. Green Dot Corporation has a 12 month low of $6.12 and a 12 month high of $14.27.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.23. The business had revenue of $501.16 million during the quarter, compared to analysts’ expectations of $496.49 million. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Analysts predict that Green Dot Corporation will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Green Dot from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. Northland Securities set a $16.00 price target on shares of Green Dot in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Green Dot from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Insider Transactions at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total value of $346,065.09. Following the sale, the insider owned 226,656 shares in the company, valued at $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Green Dot Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.