Acuitas Investments LLC Acquires Shares of 271,611 Green Dot Corporation $GDOT

Acuitas Investments LLC purchased a new position in shares of Green Dot Corporation (NYSE:GDOT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 271,611 shares of the financial services provider’s stock, valued at approximately $3,648,000. Green Dot accounts for approximately 2.3% of Acuitas Investments LLC’s portfolio, making the stock its 21st biggest holding. Acuitas Investments LLC owned approximately 0.49% of Green Dot as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDOT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Green Dot by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 1,341 shares during the period. Caxton Associates LLP purchased a new stake in Green Dot in the 1st quarter worth approximately $96,000. Empowered Funds LLC boosted its stake in Green Dot by 7.2% during the first quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock valued at $1,679,000 after buying an additional 13,437 shares during the period. Jane Street Group LLC boosted its position in shares of 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 during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Green Dot during the second quarter valued at approximately $208,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen lowered Green Dot from a “hold” rating to a “sell” rating in a research note on Saturday. Craig Hallum reissued a “buy” rating and issued a $18.00 price target on shares of Green Dot in a report on Tuesday. Northland Securities set a $14.25 target price on Green Dot and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Green Dot presently has an average rating of “Reduce” and an average price target of $13.56.

Green Dot Trading Up 6.6%

Shares of GDOT opened at $11.35 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $629.02 million, a P/E ratio of -6.38 and a beta of 0.82. The company has a 50 day simple moving average of $11.93 and a two-hundred day simple moving average of $12.53. Green Dot Corporation has a 1 year low of $6.59 and a 1 year high of $15.41.

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.