Fox Run Management L.L.C. Takes Position in Green Dot Corporation $GDOT

Fox Run Management L.L.C. purchased a new stake in Green Dot Corporation (NYSE:GDOT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 53,952 shares of the financial services provider’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Green Dot during the third quarter worth $29,000. Virtus Advisers LLC purchased a new stake in shares of Green Dot during the second quarter worth about $33,000. Ameritas Investment Partners Inc. raised its position in shares of Green Dot by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 861 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,221 shares in the last quarter. Finally, CWM LLC boosted its holdings in Green Dot by 131.8% in the 2nd quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock worth $93,000 after buying an additional 4,926 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

NYSE:GDOT opened at $11.58 on Friday. Green Dot Corporation has a one year low of $6.12 and a one year high of $15.41. The stock has a market cap of $641.49 million, a PE ratio of -13.62 and a beta of 0.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average price of $12.30 and a 200 day moving average price of $12.72.

Analyst Ratings Changes

GDOT has been the subject of a number of research analyst reports. Northland Securities set a $14.25 target price on Green Dot and gave the company a “market perform” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, January 22nd. William Blair restated a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Finally, Wall Street Zen lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Green Dot has an average rating of “Reduce” and an average price target of $12.56.

Green Dot 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.