50,000 Shares in Green Dot Corporation $GDOT Purchased by Diker Management LLC

Diker Management LLC acquired a new stake in Green Dot Corporation (NYSE:GDOT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the financial services provider’s stock, valued at approximately $672,000. Green Dot accounts for about 0.5% of Diker Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Topline Capital Management LLC increased its position in Green Dot by 7.2% during the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock worth $53,526,000 after purchasing an additional 331,817 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Green Dot by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,780,104 shares of the financial services provider’s stock worth $37,341,000 after buying an additional 179,653 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Green Dot by 22.2% in the 3rd quarter. American Century Companies Inc. now owns 1,730,308 shares of the financial services provider’s stock valued at $23,238,000 after buying an additional 314,145 shares during the period. Portolan Capital Management LLC lifted its holdings in shares of Green Dot by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 1,615,280 shares of the financial services provider’s stock valued at $21,693,000 after buying an additional 214,152 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Green Dot by 14.2% in the second quarter. Prudential Financial Inc. now owns 1,327,367 shares of the financial services provider’s stock valued at $14,309,000 after buying an additional 165,026 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GDOT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Green Dot from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Northland Securities set a $14.25 price target on shares of Green Dot and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.08.

Green Dot Price Performance

GDOT stock opened at $10.54 on Friday. The firm has a 50 day moving average of $12.00 and a 200-day moving average of $12.58. The company has a market cap of $583.85 million, a price-to-earnings ratio of -12.39 and a beta of 0.82. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07. Green Dot Corporation has a 12-month low of $6.59 and a 12-month high of $15.41.

Green Dot Company Profile

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.