Green Dot Co. (GDOT) is Lisanti Capital Growth LLC’s Largest Position

Lisanti Capital Growth LLC lowered its position in Green Dot Co. (NYSE:GDOT) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,695 shares of the financial services provider’s stock after selling 6,117 shares during the quarter. Green Dot makes up about 2.2% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its largest holding. Lisanti Capital Growth LLC owned 0.13% of Green Dot worth $6,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its holdings in Green Dot by 12.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,398 shares of the financial services provider’s stock valued at $18,671,000 after buying an additional 27,979 shares during the period. Public Employees Retirement System of Ohio boosted its position in Green Dot by 30.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 69,861 shares of the financial services provider’s stock worth $5,127,000 after buying an additional 16,361 shares during the period. Royce & Associates LP bought a new stake in shares of Green Dot in the 2nd quarter valued at $477,000. Cynosure Advisors LLC bought a new stake in shares of Green Dot in the 2nd quarter valued at $280,000. Finally, WINTON GROUP Ltd increased its stake in shares of Green Dot by 93.1% in the 2nd quarter. WINTON GROUP Ltd now owns 246,446 shares of the financial services provider’s stock valued at $18,087,000 after acquiring an additional 118,790 shares in the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.

Shares of GDOT stock opened at $86.02 on Thursday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 54.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05. Green Dot Co. has a 12 month low of $54.08 and a 12 month high of $91.51.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16. The business had revenue of $230.58 million during the quarter, compared to analyst estimates of $223.95 million. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. Green Dot’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Analysts forecast that Green Dot Co. will post 2.4 EPS for the current year.

Several research firms have recently weighed in on GDOT. ValuEngine lowered shares of Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Craig Hallum reiterated a “buy” rating on shares of Green Dot in a research note on Friday, September 14th. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Guggenheim reiterated a “buy” rating and issued a $88.00 price objective on shares of Green Dot in a research note on Thursday, August 9th. Finally, Loop Capital lifted their price objective on shares of Green Dot to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $83.00.

In other Green Dot news, CAO Jess Unruh sold 11,043 shares of Green Dot stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $85.11, for a total transaction of $939,869.73. Following the transaction, the chief accounting officer now directly owns 87,312 shares of the company’s stock, valued at approximately $7,431,124.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven W. Streit sold 9,860 shares of Green Dot stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $89.82, for a total transaction of $885,625.20. Following the transaction, the chief executive officer now directly owns 323,202 shares in the company, valued at $29,030,003.64. The disclosure for this sale can be found here. Insiders have sold a total of 386,922 shares of company stock valued at $31,744,662 in the last 90 days. 11.00% of the stock is currently owned by company insiders.

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Green Dot Company Profile

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.

Read More: Hedge Funds

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

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