748,806 Shares in Green Dot Corporation $GDOT Bought by M3F Inc.

M3F Inc. acquired a new stake in shares of Green Dot Corporation (NYSE:GDOT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 748,806 shares of the financial services provider’s stock, valued at approximately $8,402,000. Green Dot comprises 2.1% of M3F Inc.’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors also recently bought and sold shares of the company. Topline Capital Management LLC grew its stake in shares of Green Dot by 7.2% during 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 period. No Street GP LP boosted its holdings in shares of Green Dot by 150.0% in the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after buying an additional 2,400,000 shares during the last quarter. Steel Partners Holdings L.P. purchased a new position in shares of Green Dot in the fourth quarter worth approximately $48,332,000. Dimensional Fund Advisors LP grew its position in Green Dot by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,836,651 shares of the financial services provider’s stock valued at $36,338,000 after buying an additional 56,547 shares during the period. Finally, Western Standard LLC grew its position in Green Dot by 196.8% during the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after buying an additional 1,311,170 shares during the period. Institutional investors own 92.56% of the company’s stock.

Green Dot Trading Down 0.2%

Green Dot stock opened at $13.33 on Monday. The stock has a market cap of $755.32 million, a P/E ratio of -10.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50. Green Dot Corporation has a 1 year low of $9.31 and a 1 year high of $15.41. The firm’s 50 day moving average price is $12.82 and its 200-day moving average price is $12.27.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.24. The firm had revenue of $652.03 million during the quarter, compared to analyst estimates of $597.39 million. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. On average, equities analysts predict that Green Dot Corporation will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GDOT has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Tuesday, April 21st. Wall Street Zen upgraded Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Zacks Research raised Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $18.00 target price on shares of Green Dot in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.75.

About Green Dot

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.