16,500 Shares in Green Dot Co. (GDOT) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Green Dot Co. (NYSE:GDOT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,500 shares of the financial services provider’s stock, valued at approximately $1,211,000.

Other large investors also recently modified their holdings of the company. Columbus Circle Investors increased its holdings in shares of Green Dot by 352.7% in the 1st quarter. Columbus Circle Investors now owns 286,400 shares of the financial services provider’s stock valued at $18,375,000 after acquiring an additional 223,138 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Green Dot by 1,422.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 228,384 shares of the financial services provider’s stock valued at $16,761,000 after acquiring an additional 213,384 shares during the period. Stephens Investment Management Group LLC increased its holdings in shares of Green Dot by 46.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 562,270 shares of the financial services provider’s stock valued at $36,075,000 after acquiring an additional 179,388 shares during the period. AMI Asset Management Corp acquired a new position in shares of Green Dot in the 2nd quarter valued at $12,789,000. Finally, BlackRock Inc. increased its holdings in shares of Green Dot by 2.7% in the 1st quarter. BlackRock Inc. now owns 6,629,792 shares of the financial services provider’s stock valued at $425,368,000 after acquiring an additional 172,545 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.

Shares of GDOT opened at $84.75 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 53.28 and a beta of 0.74. Green Dot Co. has a 1 year low of $46.12 and a 1 year high of $85.69.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $258.30 million for the quarter, compared to analysts’ expectations of $250.18 million. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. Green Dot’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. equities research analysts expect that Green Dot Co. will post 2.39 EPS for the current year.

In other news, insider Steven W. Streit sold 32,857 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $71.63, for a total transaction of $2,353,546.91. Following the transaction, the insider now directly owns 189,390 shares of the company’s stock, valued at approximately $13,566,005.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark L. Shifke sold 10,000 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $83.16, for a total transaction of $831,600.00. Following the transaction, the chief financial officer now directly owns 661,574 shares in the company, valued at $55,016,493.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,706 shares of company stock worth $28,811,890. Corporate insiders own 9.70% of the company’s stock.

GDOT has been the topic of a number of recent research reports. BTIG Research cut shares of Green Dot from a “buy” rating to a “neutral” rating in a report on Monday, June 18th. They noted that the move was a valuation call. Loop Capital lifted their target price on shares of Green Dot to $100.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Craig Hallum reaffirmed a “buy” rating and issued a $95.00 target price on shares of Green Dot in a report on Tuesday, July 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 target price on shares of Green Dot in a report on Thursday, August 9th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $88.00 target price on shares of Green Dot in a report on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $79.00.

About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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