Meeder Asset Management Inc. Invests $53,000 in Green Dot Co. (NYSE:GDOT)

Meeder Asset Management Inc. bought a new stake in Green Dot Co. (NYSE:GDOT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,344 shares of the financial services provider’s stock, valued at approximately $53,000.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of Green Dot by 2.4% during the first quarter. Citigroup Inc. now owns 57,892 shares of the financial services provider’s stock worth $1,590,000 after purchasing an additional 1,351 shares during the period. Bank of Montreal Can raised its holdings in Green Dot by 93.5% during the first quarter. Bank of Montreal Can now owns 30,069 shares of the financial services provider’s stock worth $832,000 after buying an additional 14,530 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Green Dot by 56.2% in the first quarter. MetLife Investment Management LLC now owns 28,859 shares of the financial services provider’s stock valued at $793,000 after buying an additional 10,382 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Green Dot by 1.1% during the first quarter. Rhumbline Advisers now owns 154,241 shares of the financial services provider’s stock valued at $4,239,000 after buying an additional 1,728 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Green Dot by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,142 shares of the financial services provider’s stock worth $1,295,000 after acquiring an additional 5,812 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Stock Down 0.2 %

Green Dot stock opened at $8.38 on Wednesday. The firm has a 50 day moving average price of $8.68 and a 200-day moving average price of $9.71. Green Dot Co. has a twelve month low of $7.30 and a twelve month high of $21.37. The company has a market capitalization of $442.72 million, a P/E ratio of 64.47 and a beta of 1.04.

Green Dot (NYSE:GDOT) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $361.72 million during the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. Equities analysts expect that Green Dot Co. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GDOT has been the subject of a number of analyst reports. Truist Financial lifted their price target on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Keefe, Bruyette & Woods decreased their price target on Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. TheStreet lowered Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Finally, Barclays downgraded shares of Green Dot from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $7.00 in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Insider Activity at Green Dot

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the purchase, the executive now owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Christian Devin Ruppel purchased 33,000 shares of Green Dot stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the transaction, the executive now owns 101,715 shares in the company, valued at $921,537.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Principal Co Lp Starboard sold 75,729 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $8.58, for a total value of $649,754.82. Following the sale, the insider now directly owns 270,207 shares in the company, valued at approximately $2,318,376.06. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

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.