Green Dot Corporation $GDOT Stock Position Lowered by Topline Capital Management LLC

Topline Capital Management LLC reduced its holdings in shares of Green Dot Corporation (NYSE:GDOT) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,633,469 shares of the financial services provider’s stock after selling 743,318 shares during the quarter. Green Dot comprises 8.9% of Topline Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Topline Capital Management LLC owned about 8.54% of Green Dot worth $39,106,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Green Dot by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider’s stock valued at $324,000 after buying an additional 1,292 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Green Dot by 5.1% during the 1st quarter. MetLife Investment Management LLC now owns 30,396 shares of the financial services provider’s stock valued at $257,000 after buying an additional 1,483 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Green Dot by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,843 shares in the last quarter. Connors Investor Services Inc. lifted its stake in shares of Green Dot by 0.9% during the 4th quarter. Connors Investor Services Inc. now owns 275,001 shares of the financial services provider’s stock valued at $2,926,000 after buying an additional 2,516 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its stake in shares of Green Dot by 25.0% during the 4th quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider’s stock valued at $150,000 after buying an additional 2,818 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Northland Securities set a $16.00 price target on shares of Green Dot in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Green Dot from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Zacks Research upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Keefe, Bruyette & Woods increased their target price on shares of Green Dot from $11.00 to $12.00 and gave the stock a “market perform” rating in a research note on Friday, July 11th. Finally, Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Green Dot currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Insider Activity at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total value of $346,065.09. Following the transaction, the insider owned 226,656 shares of the company’s stock, valued at $2,808,267.84. This represents a 10.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Green Dot Stock Performance

NYSE GDOT opened at $13.41 on Thursday. The company’s 50 day simple moving average is $11.18 and its two-hundred day simple moving average is $9.43. The stock has a market capitalization of $742.50 million, a PE ratio of -30.47 and a beta of 0.75. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $14.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. The firm had revenue of $501.16 million for the quarter, compared to analyst estimates of $496.49 million. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Analysts predict that Green Dot Corporation will post 0.87 earnings per share for the current fiscal year.

Green Dot Company 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.