Dark Forest Capital Management LP Invests $232,000 in Green Dot Co. (NYSE:GDOT)

Dark Forest Capital Management LP acquired a new stake in Green Dot Co. (NYSE:GDOT) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 24,570 shares of the financial services provider’s stock, valued at approximately $232,000.

A number of other large investors have also bought and sold shares of the business. Headlands Technologies LLC lifted its stake in Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares in the last quarter. UMB Bank n.a. boosted its stake in 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 worth $27,000 after purchasing an additional 1,415 shares during the period. SummerHaven Investment Management LLC increased its holdings in Green Dot by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,524 shares in the last quarter. Nisa Investment Advisors LLC raised 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 period. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Green Dot by 6.4% in the first quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,615 shares in the last quarter. 92.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on GDOT shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. Barclays upped their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

Green Dot Stock Performance

NYSE:GDOT opened at $11.67 on Monday. 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 $620.96 million, a P/E ratio of -24.83 and a beta of 0.91. The stock’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $9.80.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. As a group, equities analysts predict that Green Dot Co. will post 1 earnings per share for the current fiscal year.

Green Dot 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.