Corton Capital Inc. Acquires Shares of 20,897 Green Dot Corporation $GDOT

Corton Capital Inc. acquired a new stake in shares of Green Dot Corporation (NYSE:GDOT) in the second quarter, Holdings Channel reports. The firm acquired 20,897 shares of the financial services provider’s stock, valued at approximately $225,000.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in Green Dot by 350,400.0% during the first quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 3,504 shares during the last quarter. CWM LLC raised its stake in Green Dot by 131.8% during the second quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock valued at $93,000 after buying an additional 4,926 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Green Dot during the second quarter valued at $117,000. Caxton Associates LLP purchased a new position in Green Dot during the first quarter valued at $96,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Green Dot in the 1st quarter worth $96,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

Shares of GDOT opened at $11.57 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69. Green Dot Corporation has a one year low of $6.12 and a one year high of $15.41. The firm has a market capitalization of $640.86 million, a P/E ratio of -26.29 and a beta of 0.80. The business has a fifty day moving average of $13.33 and a 200 day moving average of $11.29.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The company had revenue of $501.16 million during the quarter, compared to analyst estimates of $496.49 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Green Dot’s revenue was up 23.9% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, sell-side analysts anticipate that Green Dot Corporation will post 0.87 EPS for the current year.

Insider Activity at Green Dot

In related news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total value of $346,065.09. Following the completion of the sale, the insider owned 226,656 shares of the company’s stock, valued at $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

GDOT has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Northland Securities set a $18.00 target price on Green Dot in a report on Wednesday, October 15th. Zacks Research lowered Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Finally, Keefe, Bruyette & Woods lifted their target price on Green Dot from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.50.

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.