Caxton Associates LP Sells 7,025 Shares of Green Dot Co. (NYSE:GDOT)

Caxton Associates LP cut its position in shares of Green Dot Co. (NYSE:GDOT) by 32.5% during the second quarter, HoldingsChannel.com reports. The firm owned 14,614 shares of the financial services provider’s stock after selling 7,025 shares during the period. Caxton Associates LP’s holdings in Green Dot were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Green Dot by 12.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock worth $7,416,000 after purchasing an additional 81,846 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Green Dot during the 4th quarter worth approximately $415,000. Hsbc Holdings PLC boosted its stake in Green Dot by 33.3% in the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock valued at $3,408,000 after buying an additional 84,894 shares in the last quarter. Aristides Capital LLC bought a new stake in Green Dot in the fourth quarter valued at $256,000. Finally, Quadrature Capital Ltd raised its stake in Green Dot by 111.7% during the fourth quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 33,068 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. Barclays upped their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.

Green Dot Stock Up 0.7 %

Shares of NYSE GDOT opened at $11.67 on Friday. Green Dot Co. has a 12-month low of $7.30 and a 12-month high of $14.10. The firm’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $9.79. The company has a market cap of $620.96 million, a price-to-earnings ratio of -24.83 and a beta of 0.91.

Green Dot (NYSE:GDOT) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. Green Dot’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. On average, equities analysts expect that Green Dot Co. will post 1 earnings per share 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.