Diversified Investment Strategies LLC Lowered Its Green Dot Corp (GDOT) Stake by $4.12 Million

June 23, 2018 - By Vivian Park

Green Dot Corporation (NYSE:GDOT) LogoInvestors sentiment decreased to 1.24 in Q1 2018. Its down 0.25, from 1.49 in 2017Q4. It worsened, as 13 investors sold GDOT shares while 80 reduced holdings. 45 funds opened positions while 70 raised stakes. 40.91 million shares or 2.20% more from 40.03 million shares in 2017Q4 were reported. Goldman Sachs Grp Inc holds 0.01% or 348,722 shares. Renaissance Technologies Ltd Llc holds 0.11% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 1.59M shares. The Nevada-based Whittier Of Nevada Inc has invested 0.01% in Green Dot Corporation (NYSE:GDOT). Moreover, Mason Street Advisors has 0.02% invested in Green Dot Corporation (NYSE:GDOT) for 12,804 shares. Numerixs Technologies accumulated 4,410 shares. Sei Invests has invested 0.03% of its portfolio in Green Dot Corporation (NYSE:GDOT). Lyon Street Capital Ltd Liability Corp reported 48,935 shares stake. Teacher Retirement Systems Of Texas invested 0% of its portfolio in Green Dot Corporation (NYSE:GDOT). Laurion Mngmt LP holds 0% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 9,182 shares. Proshare Advisors Lc has 0% invested in Green Dot Corporation (NYSE:GDOT). Suntrust Banks reported 4,002 shares or 0% of all its holdings. Balyasny Asset Mngmt Lc accumulated 55,228 shares. Investment Mngmt Of Virginia Limited Liability Company invested 0.43% in Green Dot Corporation (NYSE:GDOT). Thrivent Financial For Lutherans holds 0.01% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 31,059 shares. Hbk Invests LP holds 141,508 shares or 0.09% of its portfolio.

Since January 2, 2018, it had 0 insider buys, and 42 sales for $44.46 million activity. 13,000 shares were sold by Unruh Jess, worth $780,018 on Tuesday, January 2. Another trade for 8,952 shares valued at $583,170 was sold by Bridgforth-Hodges Glinda. Archer Kuan also sold $759,223 worth of Green Dot Corporation (NYSE:GDOT) shares. $396,606 worth of Green Dot Corporation (NYSE:GDOT) was sold by Shifke Mark L. 4,672 shares were sold by Narlinger Brett, worth $338,309 on Monday, May 14. Ricci John C had sold 4,631 shares worth $338,178 on Wednesday, May 30.

Diversified Investment Strategies Llc decreased its stake in Green Dot Corp (GDOT) by 30.38% based on its latest 2018Q1 regulatory filing with the SEC. Diversified Investment Strategies Llc sold 64,325 shares as the company’s stock rose 8.21% while stock markets declined. The institutional investor held 147,405 shares of the consumer services company at the end of 2018Q1, valued at $9.46 million, down from 211,730 at the end of the previous reported quarter. Diversified Investment Strategies Llc who had been investing in Green Dot Corp for a number of months, seems to be less bullish one the $4.00 billion market cap company. The stock decreased 0.59% or $0.46 during the last trading session, reaching $77.11. About 619,434 shares traded or 61.97% up from the average. Green Dot Corporation (NYSE:GDOT) has risen 97.94% since June 23, 2017 and is uptrending. It has outperformed by 85.37% the S&P500.

Analysts await Green Dot Corporation (NYSE:GDOT) to report earnings on August, 14. They expect $0.47 earnings per share, 0.00 % or $0.00 from last year’s $0.47 per share. GDOT’s profit will be $24.41M for 41.02 P/E if the $0.47 EPS becomes a reality. After $1.24 actual earnings per share reported by Green Dot Corporation for the previous quarter, Wall Street now forecasts -62.10 % negative EPS growth.

More news for Green Dot Corporation (NYSE:GDOT) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For June 18, 2018” on June 18, 2018. Nasdaq.com‘s article titled: “3 Fast-Growing Fintech Stocks to Buy” and published on May 29, 2018 is yet another important article.

Green Dot Corporation (NYSE:GDOT) Ratings Coverage

Among 8 analysts covering Green Dot (NYSE:GDOT), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Green Dot has $8000 highest and $55.0 lowest target. $70.83’s average target is -8.14% below currents $77.11 stock price. Green Dot had 12 analyst reports since January 12, 2018 according to SRatingsIntel. Craig Hallum maintained Green Dot Corporation (NYSE:GDOT) rating on Thursday, May 10. Craig Hallum has “Buy” rating and $8000 target. As per Friday, January 12, the company rating was maintained by Cowen & Co. The firm has “Market Perform” rating by Cowen & Co given on Thursday, February 22. Northland Capital maintained the shares of GDOT in report on Thursday, March 22 with “Buy” rating. The rating was maintained by Craig Hallum on Thursday, February 22 with “Buy”. Cowen & Co maintained Green Dot Corporation (NYSE:GDOT) on Friday, March 2 with “Hold” rating. The rating was downgraded by BTIG Research to “Neutral” on Monday, June 18. The stock of Green Dot Corporation (NYSE:GDOT) has “Buy” rating given on Tuesday, February 13 by Citigroup. Citigroup maintained Green Dot Corporation (NYSE:GDOT) rating on Thursday, February 22. Citigroup has “Buy” rating and $70 target. The rating was maintained by Guggenheim on Monday, February 26 with “Buy”.

Green Dot Corporation (NYSE:GDOT) Institutional Positions Chart

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