Harvest Capital Strategies LLC Position in Green Dot Corp (GDOT) Cut as Stock Value Rose

March 14, 2018 - By Nellie Frank

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.47, from 0.91 in 2017Q2. It increased, as 16 investors sold GDOT shares while 58 reduced holdings. 36 funds opened positions while 66 raised stakes. 39.20 million shares or 6.77% more from 36.72 million shares in 2017Q2 were reported. Moreover, Usa Portformulas has 0.19% invested in Green Dot Corporation (NYSE:GDOT) for 16,077 shares. First Tru Advisors LP invested in 0% or 7,901 shares. D E Shaw And invested in 0.01% or 178,022 shares. Tci Wealth Advsrs Incorporated has invested 0% in Green Dot Corporation (NYSE:GDOT). Illinois-based Ubs Oconnor Ltd Limited Liability Company has invested 0.02% in Green Dot Corporation (NYSE:GDOT). Royal National Bank & Trust Of Canada holds 0% or 57,142 shares. Arizona State Retirement holds 23,593 shares or 0.01% of its portfolio. Vanguard Group holds 0.01% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 4.71M shares. Georgia-based Invesco has invested 0.01% in Green Dot Corporation (NYSE:GDOT). Origin Asset Llp reported 7,194 shares stake. Tower Research Capital Limited Company (Trc) holds 0.03% or 7,951 shares. Meeder Asset Mgmt reported 6,918 shares. 2.59M were reported by Dimensional Fund Advsrs Ltd Partnership. Metropolitan Life Insur New York owns 31,150 shares. Harvest Cap Strategies Limited Liability Com invested in 20.91% or 2.21M shares.

Since September 19, 2017, it had 0 insider buys, and 24 selling transactions for $16.59 million activity. $457,616 worth of Green Dot Corporation (NYSE:GDOT) was sold by Dent Mary on Thursday, March 1. $363,742 worth of stock was sold by Shifke Mark L on Monday, February 12. Archer Kuan also sold $759,223 worth of Green Dot Corporation (NYSE:GDOT) on Thursday, February 1. The insider Unruh Jess sold 13,000 shares worth $780,018. Bridgforth-Hodges Glinda also sold $583,170 worth of Green Dot Corporation (NYSE:GDOT) shares. On Monday, October 2 Aldrich Kenneth C sold $495,434 worth of Green Dot Corporation (NYSE:GDOT) or 10,000 shares.

Harvest Capital Strategies Llc decreased its stake in Green Dot Corp (GDOT) by 45.8% based on its latest 2017Q3 regulatory filing with the SEC. Harvest Capital Strategies Llc sold 1.87M shares as the company’s stock rose 33.10% with the market. The institutional investor held 2.21M shares of the consumer services company at the end of 2017Q3, valued at $109.47 million, down from 4.07M at the end of the previous reported quarter. Harvest Capital Strategies Llc who had been investing in Green Dot Corp for a number of months, seems to be less bullish one the $3.47 billion market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $67.62. About 353,677 shares traded. Green Dot Corporation (NYSE:GDOT) has risen 53.57% since March 14, 2017 and is uptrending. It has outperformed by 36.87% the S&P500.

Harvest Capital Strategies Llc, which manages about $1.58 billion and $523.53 million US Long portfolio, upped its stake in Ascena Retail Group Inc (NASDAQ:ASNA) by 9.90M shares to 11.90M shares, valued at $29.16M in 2017Q3, according to the filing.

Analysts await Green Dot Corporation (NYSE:GDOT) to report earnings on May, 8. They expect $1.11 earnings per share, up 19.35 % or $0.18 from last year’s $0.93 per share. GDOT’s profit will be $56.93M for 15.23 P/E if the $1.11 EPS becomes a reality. After $0.11 actual earnings per share reported by Green Dot Corporation for the previous quarter, Wall Street now forecasts 909.09 % EPS growth.

More recent Green Dot Corporation (NYSE:GDOT) news were published by: Zacks.com which released: “Anatomy of Success: Green Dot Corporation (GDOT)” on February 06, 2018. Also Seekingalpha.com published the news titled: “Green Dot’s (GDOT) CEO Steven Streit on Q4 2017 Results – Earnings Call Transcript” on February 22, 2018. Nasdaq.com‘s news article titled: “Earnings Reaction History: Green Dot Corporation, 75.0% Follow-Through …” with publication date: February 21, 2018 was also an interesting one.

Green Dot Corporation (NYSE:GDOT) Ratings Coverage

Among 18 analysts covering Green Dot (NYSE:GDOT), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Green Dot had 50 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained Green Dot Corporation (NYSE:GDOT) rating on Tuesday, May 23. Jefferies has “Buy” rating and $42 target. As per Friday, November 6, the company rating was maintained by Deutsche Bank. BTIG Research downgraded the shares of GDOT in report on Friday, November 6 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, August 9 by Lake Street. On Wednesday, October 11 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Green Dot Corporation (NYSE:GDOT) earned “Hold” rating by Cowen & Co on Tuesday, August 8. On Tuesday, January 10 the stock rating was initiated by Loop Capital with “Buy”. The stock has “Buy” rating by Guggenheim on Monday, February 26. The rating was downgraded by Lake Street to “Hold” on Wednesday, October 11. The firm has “Buy” rating by Craig Hallum given on Thursday, February 22.

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