50,000 Shares in Green Dot Corporation $GDOT Acquired by Diker Management LLC

Diker Management LLC purchased a new position in shares of Green Dot Corporation (NYSE:GDOT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,000 shares of the financial services provider’s stock, valued at approximately $672,000. Green Dot accounts for approximately 0.5% of Diker Management LLC’s holdings, making the stock its 23rd largest holding. Diker Management LLC owned 0.09% of Green Dot as of its most recent SEC filing.

Several other large investors have also modified their holdings of GDOT. Arrowstreet Capital Limited Partnership grew its position in shares of 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 acquiring an additional 980,012 shares during the last quarter. Acuitas Investments LLC purchased a new stake in Green Dot in the 3rd quarter valued at $5,587,000. Topline Capital Management LLC raised its position 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 during the last quarter. Jane Street Group LLC boosted its stake in Green Dot by 235.6% during the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock worth $3,777,000 after purchasing an additional 314,208 shares during the period. Finally, American Century Companies Inc. boosted its stake in Green Dot by 22.2% during the 3rd quarter. American Century Companies Inc. now owns 1,730,308 shares of the financial services provider’s stock worth $23,238,000 after purchasing an additional 314,145 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on GDOT. Northland Securities set a $14.25 price objective on shares of Green Dot and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Green Dot from a “hold” rating to a “sell” rating in a report on Saturday. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $12.08.

Green Dot Price Performance

Shares of NYSE GDOT opened at $10.54 on Friday. The stock has a fifty day moving average price of $12.00 and a 200 day moving average price of $12.58. Green Dot Corporation has a 1-year low of $6.59 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $583.85 million, a PE ratio of -12.39 and a beta of 0.82.

Green Dot Company 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.