Newtyn Management LLC Has $16.25 Million Holdings in Green Dot Corporation $GDOT

Newtyn Management LLC grew its position in shares of Green Dot Corporation (NYSE:GDOT) by 743.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,203,203 shares of the financial services provider’s stock after acquiring an additional 1,060,598 shares during the quarter. Green Dot accounts for about 2.1% of Newtyn Management LLC’s portfolio, making the stock its 18th largest holding. Newtyn Management LLC’s holdings in Green Dot were worth $16,255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDOT. Steel Partners Holdings L.P. bought a new stake in shares of Green Dot in the 4th quarter valued at $48,332,000. No Street GP LP raised its stake in Green Dot by 150.0% during 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. Western Standard LLC lifted its holdings in Green Dot by 196.8% in 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. CenterBook Partners LP boosted its position in Green Dot by 406.7% during the fourth quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider’s stock valued at $15,797,000 after acquiring an additional 989,823 shares during the last quarter. Finally, Walmart Inc. bought a new stake in Green Dot during the second quarter valued at $13,172,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Performance

NYSE:GDOT opened at $13.36 on Monday. The company has a fifty day moving average of $13.34 and a 200-day moving average of $12.51. The firm has a market capitalization of $761.39 million, a P/E ratio of -26.20 and a beta of 0.84. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a twelve month low of $10.10 and a twelve month high of $15.41.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). The company had revenue of $591.29 million for the quarter, compared to the consensus estimate of $541.16 million. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. As a group, sell-side analysts anticipate that Green Dot Corporation will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GDOT. Zacks Research downgraded Green Dot from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $16.12.

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.