Nuveen Asset Management LLC lifted its holdings in shares of Green Dot Co. (NYSE:GDOT) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,260 shares of the financial services provider’s stock after purchasing an additional 2,712 shares during the period. Nuveen Asset Management LLC’s holdings in Green Dot were worth $1,373,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Ffcm LLC bought a new position in shares of Green Dot during the 4th quarter worth approximately $27,000. Legacy Financial Advisors Inc. acquired a new stake in Green Dot during the 4th quarter worth approximately $29,000. Pearl River Capital LLC acquired a new stake in Green Dot during the 4th quarter worth approximately $40,000. Ipswich Investment Management Co. Inc. acquired a new stake in Green Dot during the 4th quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Green Dot during the 3rd quarter worth approximately $161,000. Institutional investors own 88.69% of the company’s stock.
In other news, CRO Brett Narlinger sold 5,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $67.63, for a total value of $338,150.00. Following the completion of the transaction, the executive now directly owns 84,282 shares of the company’s stock, valued at $5,699,991.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jess Unruh sold 2,147 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $75.29, for a total value of $161,647.63. Following the completion of the sale, the insider now owns 62,930 shares in the company, valued at approximately $4,737,999.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,155 shares of company stock valued at $6,227,112. 7.80% of the stock is currently owned by corporate insiders.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, February 20th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.31 by $0.25. The firm had revenue of $237.83 million during the quarter, compared to the consensus estimate of $235.80 million. Green Dot had a return on equity of 15.88% and a net margin of 11.39%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Equities analysts predict that Green Dot Co. will post 2.81 EPS for the current year.
A number of research firms have recently commented on GDOT. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a report on Friday, January 25th. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a report on Thursday, January 3rd. Finally, ValuEngine lowered Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Green Dot has a consensus rating of “Buy” and an average target price of $91.57.
About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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