Green Dot Co. (NYSE:GDOT) Short Interest Update

Green Dot Co. (NYSE:GDOT) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 2,050,000 shares, an increase of 29.7% from the September 30th total of 1,580,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily volume of 409,100 shares, the days-to-cover ratio is presently 5.0 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. Craig Hallum upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Insider Activity at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the acquisition, the insider now directly owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the purchase, the insider now directly owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Green Dot

Several hedge funds have recently modified their holdings of the stock. Kent Lake Capital LLC purchased a new stake in Green Dot during the 1st quarter worth about $7,464,000. SG Capital Management LLC acquired a new stake in Green Dot in the first quarter valued at approximately $4,254,000. American Century Companies Inc. lifted its stake in Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 142,377 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after acquiring an additional 104,829 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Green Dot by 17.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after purchasing an additional 82,022 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Trading Down 1.3 %

GDOT opened at $11.85 on Wednesday. The stock’s 50-day moving average price is $11.41 and its 200 day moving average price is $10.19. Green Dot has a 12-month low of $7.30 and a 12-month high of $12.99. The firm has a market cap of $630.27 million, a price-to-earnings ratio of -25.20 and a beta of 0.92.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $407.10 million during the quarter, compared to analyst estimates of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. On average, research analysts forecast that Green Dot will post 1 earnings per share for the current year.

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.