Caxton Associates LP Buys 3,088 Shares of Green Dot Co. (NYSE:GDOT)

Caxton Associates LP increased its stake in shares of Green Dot Co. (NYSE:GDOT) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,639 shares of the financial services provider’s stock after acquiring an additional 3,088 shares during the quarter. Caxton Associates LP’s holdings in Green Dot were worth $202,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in Green Dot by 7.6% in the first quarter. Public Employees Retirement System of Ohio now owns 78,631 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 5,533 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Green Dot by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,429 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 2,445 shares during the period. UniSuper Management Pty Ltd bought a new stake in Green Dot during the 1st quarter valued at $268,000. Connors Investor Services Inc. raised its holdings in Green Dot by 3.1% during the first quarter. Connors Investor Services Inc. now owns 236,124 shares of the financial services provider’s stock worth $2,203,000 after buying an additional 7,102 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Green Dot by 40.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider’s stock valued at $174,000 after buying an additional 5,390 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GDOT. StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Green Dot Stock Up 0.8 %

Green Dot stock traded up $0.08 during midday trading on Tuesday, hitting $9.57. 71,690 shares of the stock were exchanged, compared to its average volume of 604,360. The stock has a market capitalization of $509.22 million, a price-to-earnings ratio of -20.19 and a beta of 0.96. The business’s 50-day moving average price is $9.62 and its 200-day moving average price is $9.13. Green Dot Co. has a 52-week low of $7.30 and a 52-week high of $19.80.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The business had revenue of $447.42 million during the quarter, compared to the consensus estimate of $415.70 million. On average, sell-side analysts predict that Green Dot Co. will post 1.03 earnings per share for the current fiscal year.

Green Dot Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.