Cambria Investment Management L.P. Has $2.13 Million Position in Green Dot Corporation (GDOT)

Cambria Investment Management L.P. boosted its position in shares of Green Dot Corporation (NYSE:GDOT) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,813 shares of the financial services provider’s stock after buying an additional 1,278 shares during the period. Cambria Investment Management L.P. owned approximately 0.13% of Green Dot Corporation worth $2,129,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GDOT. Comerica Bank boosted its position in Green Dot Corporation by 8.7% in the fourth quarter. Comerica Bank now owns 46,948 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 3,766 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Green Dot Corporation during the fourth quarter worth $7,548,000. Hartford Investment Management Co. purchased a new position in Green Dot Corporation during the first quarter worth $367,000. Norges Bank purchased a new position in Green Dot Corporation during the fourth quarter worth $10,785,000. Finally, State of Alaska Department of Revenue boosted its position in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock worth $164,000 after buying an additional 130 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

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

Green Dot Corporation (NYSE:GDOT) traded down 0.61% during midday trading on Tuesday, reaching $39.41. 196,050 shares of the company traded hands. Green Dot Corporation has a 12 month low of $20.79 and a 12 month high of $40.19. The firm’s 50 day moving average price is $36.83 and its 200 day moving average price is $30.65. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 40.50 and a beta of 1.03.

Green Dot Corporation (NYSE:GDOT) last issued its earnings results on Tuesday, May 9th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The business had revenue of $253 million for the quarter, compared to analyst estimates of $233.49 million. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Green Dot Corporation will post $1.95 earnings per share for the current year.

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GDOT has been the topic of several research analyst reports. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research report on Monday, February 27th. Citigroup Inc. increased their price target on shares of Green Dot Corporation to $32.00 in a research report on Thursday, February 23rd. SunTrust Banks, Inc. raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, March 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Green Dot Corporation in a research report on Monday, May 22nd. Finally, Loop Capital reaffirmed a “buy” rating and set a $41.00 price target (up previously from $33.00) on shares of Green Dot Corporation in a research report on Thursday, March 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Green Dot Corporation presently has an average rating of “Hold” and a consensus target price of $32.20.

In other news, CFO Mark L. Shifke sold 5,000 shares of Green Dot Corporation stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $32.94, for a total transaction of $164,700.00. Following the sale, the chief financial officer now directly owns 785,062 shares in the company, valued at approximately $25,859,942.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel John C. Ricci sold 3,686 shares of Green Dot Corporation stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $35.97, for a total transaction of $132,585.42. Following the sale, the general counsel now owns 90,032 shares in the company, valued at $3,238,451.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,885 shares of company stock worth $7,168,478. 11.00% of the stock is owned by company insiders.

About Green Dot Corporation

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

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