Green Dot Corporation $GDOT Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC boosted its position in Green Dot Corporation (NYSE:GDOT) by 415.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,653 shares of the financial services provider’s stock after purchasing an additional 159,308 shares during the period. Counterpoint Mutual Funds LLC owned about 0.36% of Green Dot worth $2,654,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Green Dot by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after buying an additional 1,341 shares in the last quarter. Caxton Associates LLP acquired a new stake in Green Dot in the 1st quarter valued at about $96,000. Empowered Funds LLC grew its stake in Green Dot by 7.2% in the 1st quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock valued at $1,679,000 after acquiring an additional 13,437 shares during the last quarter. Jane Street Group LLC increased its holdings in Green Dot by 235.6% during the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock valued at $3,777,000 after acquiring an additional 314,208 shares in the last quarter. Finally, CWM LLC raised its position in Green Dot by 131.8% during the second quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 4,926 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Trading Down 3.9%

Shares of GDOT opened at $11.57 on Tuesday. Green Dot Corporation has a fifty-two week low of $6.12 and a fifty-two week high of $15.41. The company has a market capitalization of $640.93 million, a PE ratio of -13.61 and a beta of 0.81. The stock has a fifty day moving average of $12.39 and a two-hundred day moving average of $12.71. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54.

Analysts Set New Price Targets

Several analysts have recently commented on GDOT shares. Wall Street Zen lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Northland Securities set a $14.25 price target on Green Dot and gave the stock a “market perform” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.56.

Insider Transactions at Green Dot

In other Green Dot news, Director Saturnino Sixto Fanlo sold 13,451 shares of Green Dot 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 completion of the sale, the director owned 92,737 shares in the company, valued at $1,169,413.57. The trade was a 12.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Chris Brewster sold 7,969 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.37, for a total transaction of $98,576.53. Following the transaction, the director directly owned 133,215 shares of the company’s stock, valued at approximately $1,647,869.55. This represents a 5.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is currently owned by company insiders.

Green Dot Company Profile

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.