Green Dot Co. (GDOT) Holdings Decreased by Lyon Street Capital LLC

Lyon Street Capital LLC reduced its position in Green Dot Co. (NYSE:GDOT) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,935 shares of the financial services provider’s stock after selling 7,764 shares during the quarter. Lyon Street Capital LLC owned approximately 0.10% of Green Dot worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in shares of Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,082 shares during the period. Globeflex Capital L P purchased a new position in shares of Green Dot in the fourth quarter worth $185,000. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Green Dot by 17,911.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,242 shares of the financial services provider’s stock worth $208,000 after buying an additional 3,224 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Green Dot in the fourth quarter worth $216,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Green Dot in the fourth quarter worth $231,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

In other news, CEO Steven W. Streit sold 4,165 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $67.24, for a total value of $280,054.60. Following the sale, the chief executive officer now owns 285,958 shares of the company’s stock, valued at $19,227,815.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven W. Streit sold 23,922 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $77.96, for a total transaction of $1,864,959.12. Following the completion of the sale, the insider now directly owns 131,328 shares in the company, valued at approximately $10,238,330.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 513,350 shares of company stock worth $34,523,685. 11.00% of the stock is owned by insiders.



GDOT has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Green Dot from a “buy” rating to a “sell” rating in a report on Tuesday, April 24th. Citigroup reissued a “buy” rating on shares of Green Dot in a report on Monday, March 26th. ValuEngine raised shares of Green Dot from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. SunTrust Banks reissued a “buy” rating and issued a $72.00 target price on shares of Green Dot in a report on Friday, February 23rd. Finally, Morgan Stanley reissued a “hold” rating and issued a $62.00 target price (up previously from $60.00) on shares of Green Dot in a report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.64.

Green Dot opened at $78.22 on Friday, Marketbeat.com reports. The firm has a market cap of $4.06 billion, a P/E ratio of 38.53 and a beta of 0.76. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. Green Dot Co. has a 52-week low of $37.81 and a 52-week high of $79.12.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.11. The company had revenue of $315.00 million for the quarter, compared to the consensus estimate of $297.25 million. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. Green Dot’s revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. equities research analysts predict that Green Dot Co. will post 2.39 earnings per share for the current fiscal year.

About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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