Green Dot Corporation $GDOT Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Green Dot Corporation (NYSE:GDOT) by 51.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,062 shares of the financial services provider’s stock after selling 59,655 shares during the quarter. Assenagon Asset Management S.A. owned 0.10% of Green Dot worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GDOT. No Street GP LP boosted its holdings in shares of Green Dot by 150.0% in the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock valued at $53,720,000 after acquiring an additional 2,400,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Green Dot by 403.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider’s stock worth $13,185,000 after purchasing an additional 980,012 shares in the last quarter. Oberweis Asset Management Inc. acquired a new stake in Green Dot in the third quarter valued at about $13,031,000. Acuitas Investments LLC purchased a new stake in Green Dot in the 3rd quarter valued at approximately $5,587,000. Finally, Topline Capital Management LLC boosted its holdings in Green Dot by 7.2% in the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock valued at $53,526,000 after purchasing an additional 331,817 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Craig Hallum restated a “buy” rating and issued a $18.00 price target on shares of Green Dot in a research note on Tuesday, March 17th. 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.56.

Green Dot Trading Up 0.0%

Shares of GDOT opened at $11.23 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $11.66 and its two-hundred day moving average is $12.33. Green Dot Corporation has a twelve month low of $6.59 and a twelve month high of $15.41. The firm has a market capitalization of $623.77 million, a P/E ratio of -6.31 and a beta of 0.81.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, March 16th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $519.72 million during the quarter, compared to the consensus estimate of $508.09 million. Green Dot had a negative net margin of 4.75% and a positive return on equity of 6.93%. On average, research analysts predict that Green Dot Corporation will post 0.87 earnings per share for the current fiscal year.

Green Dot 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.