Green Dot Co. (NYSE:GDOT) Position Raised by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Green Dot Co. (NYSE:GDOT) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 158,748 shares of the financial services provider’s stock after buying an additional 8,392 shares during the quarter. Rhumbline Advisers’ holdings in Green Dot were worth $1,500,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC lifted its position in shares of Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,293 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Green Dot by 98.3% in the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,415 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Green Dot by 4.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 1,524 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Green Dot by 6.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 1,615 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Performance

NYSE:GDOT opened at $12.20 on Friday. The firm’s 50-day moving average is $10.49 and its 200-day moving average is $9.68. Green Dot Co. has a 52-week low of $7.30 and a 52-week high of $14.10. The company has a market cap of $649.16 million, a price-to-earnings ratio of -25.96 and a beta of 0.91.

Green Dot (NYSE:GDOT) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Green Dot Co. will post 1 EPS for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Green Dot currently has an average rating of “Hold” and a consensus target price of $10.75.

Green Dot Company Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.