Prosperitas Financial LLC Invests $999,000 in Green Dot Corporation $GDOT

Prosperitas Financial LLC acquired a new position in Green Dot Corporation (NYSE:GDOT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 77,952 shares of the financial services provider’s stock, valued at approximately $999,000. Prosperitas Financial LLC owned about 0.14% of Green Dot at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Topline Capital Management LLC grew its stake in shares of Green Dot by 7.2% in the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock worth $53,526,000 after purchasing an additional 331,817 shares during the last quarter. No Street GP LP grew its stake in shares of Green Dot by 150.0% in the 3rd quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after purchasing an additional 2,400,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Green Dot by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,780,104 shares of the financial services provider’s stock worth $37,341,000 after purchasing an additional 179,653 shares during the last quarter. Western Standard LLC grew its stake in shares of Green Dot by 196.8% in the 4th quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock worth $25,332,000 after purchasing an additional 1,311,170 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Green Dot by 22.2% in the 3rd quarter. American Century Companies Inc. now owns 1,730,308 shares of the financial services provider’s stock worth $23,238,000 after purchasing an additional 314,145 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GDOT. Wall Street Zen raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Green Dot in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.75.

Green Dot Stock Performance

Shares of GDOT opened at $12.43 on Tuesday. Green Dot Corporation has a one year low of $8.95 and a one year high of $15.41. The company has a 50-day moving average of $11.66 and a two-hundred day moving average of $12.06. The stock has a market cap of $690.51 million, a price-to-earnings ratio of -6.98 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.52 and a quick ratio of 0.52.

Green Dot (NYSE:GDOT) last announced its earnings results on Monday, May 11th. The financial services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $0.88 by $0.24. Green Dot had a negative net margin of 4.75% and a positive return on equity of 6.93%. The company had revenue of $652.03 million during the quarter, compared to analysts’ expectations of $597.39 million. On average, equities research analysts expect that Green Dot Corporation will post 1.09 earnings per share for the current year.

About Green Dot

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.