Acuitas Investments LLC Makes New Investment in Green Dot Corporation $GDOT

Acuitas Investments LLC bought a new stake in Green Dot Corporation (NYSE:GDOT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 416,006 shares of the financial services provider’s stock, valued at approximately $5,587,000. Green Dot makes up approximately 2.4% of Acuitas Investments LLC’s holdings, making the stock its 10th biggest position. Acuitas Investments LLC owned approximately 0.75% of Green Dot as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of GDOT. State of Alaska Department of Revenue acquired a new position in shares of Green Dot during the 3rd quarter valued at about $29,000. Virtus Advisers LLC acquired a new position in Green Dot during the second quarter worth approximately $33,000. Ameritas Investment Partners Inc. raised its stake in Green Dot by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 861 shares during the period. Tower Research Capital LLC TRC raised its stake in 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 worth $70,000 after purchasing an additional 1,221 shares during the period. Finally, CWM LLC grew its stake in shares of Green Dot by 131.8% during the 2nd quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock valued at $93,000 after buying an additional 4,926 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Insider Activity at Green Dot

In other news, Director Saturnino Sixto Fanlo sold 13,451 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $12.61, for a total value of $169,617.11. Following the sale, the director directly owned 92,737 shares of the company’s stock, valued at approximately $1,169,413.57. This trade represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J Chris Brewster sold 7,969 shares of Green Dot stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.37, for a total value of $98,576.53. Following the completion of the transaction, the director directly owned 133,215 shares in the company, valued at approximately $1,647,869.55. This represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Green Dot Stock Up 1.6%

GDOT stock opened at $12.43 on Friday. The firm has a market cap of $688.59 million, a price-to-earnings ratio of -14.62 and a beta of 0.82. Green Dot Corporation has a 1-year low of $6.12 and a 1-year high of $15.41. The firm has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $12.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Monday, November 10th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The business had revenue of $491.85 million during the quarter, compared to analyst estimates of $483.84 million. Green Dot had a positive return on equity of 9.81% and a negative net margin of 2.33%.The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. Research analysts predict that Green Dot Corporation will post 0.87 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. William Blair reiterated a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Zacks Research cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Wall Street Zen downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd. Finally, Northland Securities set a $14.25 target price on shares of Green Dot and gave the company a “market perform” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.56.

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.