Diversified Investment Strategies LLC Has $10.94 Million Position in Green Dot Co. (GDOT)

Diversified Investment Strategies LLC lessened its holdings in Green Dot Co. (NYSE:GDOT) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,675 shares of the financial services provider’s stock after selling 2,850 shares during the period. Green Dot makes up about 10.6% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 2nd largest position. Diversified Investment Strategies LLC owned about 0.44% of Green Dot worth $10,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GDOT. Suntrust Banks Inc. increased its position in Green Dot by 2.4% during the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 175 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the last quarter. Virtu KCG Holdings LLC increased its position in Green Dot by 5.6% during the second quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 520 shares during the last quarter. Smith Asset Management Group LP increased its position in Green Dot by 6.4% during the second quarter. Smith Asset Management Group LP now owns 12,266 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 738 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Green Dot by 6.5% during the second quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 977 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

A number of research firms have weighed in on GDOT. Cowen reiterated a “hold” rating on shares of Green Dot in a research report on Thursday, August 10th. BidaskClub upgraded shares of Green Dot from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. ValuEngine lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Northland Securities reissued an “outperform” rating and set a $55.00 target price (up from $47.00) on shares of Green Dot in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Monday, August 14th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Green Dot currently has an average rating of “Buy” and an average target price of $53.36.

In other Green Dot news, insider Steven W. Streit sold 20,490 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $59.96, for a total transaction of $1,228,580.40. Following the completion of the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at $10,590,195.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.56, for a total transaction of $388,237.20. Following the sale, the insider now directly owns 217,010 shares of the company’s stock, valued at $10,538,005.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,076 shares of company stock valued at $11,211,887. 11.00% of the stock is owned by insiders.

Green Dot Co. (NYSE:GDOT) traded down $0.10 during trading hours on Friday, reaching $60.33. 261,600 shares of the company were exchanged, compared to its average volume of 355,056. Green Dot Co. has a 52 week low of $23.39 and a 52 week high of $65.88. The stock has a market capitalization of $3,071.05, a price-to-earnings ratio of 35.34 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The company had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. sell-side analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.

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Green Dot Company Profile

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.

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

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