Headlands Technologies LLC Grows Position in Green Dot Co. (NYSE:GDOT)

Headlands Technologies LLC boosted its holdings in shares of Green Dot Co. (NYSE:GDOT) by 44.3% during the 2nd quarter, Holdings Channel reports. The fund owned 3,957 shares of the financial services provider’s stock after buying an additional 1,214 shares during the period. Headlands Technologies LLC’s holdings in Green Dot were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,609 shares during the period. nVerses Capital LLC bought a new stake in Green Dot during the 2nd quarter valued at $25,000. UMB Bank n.a. boosted its position in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,415 shares in the last quarter. CWM LLC increased its holdings in shares of Green Dot by 39.2% in the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 1,691 shares during the period. Finally, Versor Investments LP purchased a new stake in shares of Green Dot during the 2nd quarter worth $105,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Trading Up 6.6 %

Shares of GDOT opened at $12.52 on Wednesday. The firm has a market cap of $666.19 million, a PE ratio of -26.49 and a beta of 0.91. Green Dot Co. has a 12 month low of $7.30 and a 12 month high of $14.54. The stock has a fifty day moving average price of $10.25 and a 200-day moving average price of $9.57.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The company had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Green Dot Co. will post 1 EPS for the current 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.