Joseph A. Jolson‘s Harvest Capital Strategies recently increased its stake in Green Dot Corporation (NYSE:GDOT). Jolson’s fund previously held 1.3 million shares of the bank holding company. According to a new filing with the SEC, Harvest Capital Strategies has increased that number to 2.04 million shares, the stake amassing 5.5% of Green Dot’s outstanding common stock.
The business services stock, whose value is up more than 74% over the past year, recently had its “outperform” rating restated by JMP Securities investment analysts. Green Dot Corporation (NYSE:GDOT) provides prepaid debit card products and the associate reloading services in the US. The company is also involved in mobile banking and operates the subsidiary Green Dot Bank, which is based in Utah.
Green Dot Corporation (NYSE:GDOT) is expected to report quarterly earnings in two weeks, and it seems fund manager Jolson expects some strong numbers. After increasing Harvest Capital’s stake in Green Dot by 44% in March of last year, Jolson’s enthusiasm for the stock waned, as he decreased his position by 9% in June, and again by 6% in September.
Among the hedge funds Insider Monkey tracks, Daniel Gold‘s Qvt Financial has the largest position in Green Dot Corporation (NYSE:GDOT). Qvt owns 1.3 million shares of the equity, and it makes up 2.5% of Gold’s equity portfolio.
In another SEC filing on the same date, Harvest Capital Strategies upped its stake in MeetMe Inc (NYSEMKT:MEET). The fund had previously owned 2 million shares of the social network stock, but increased its position to 3.04 million shares, which represent 7.9% of stock.
Finally, in a third SEC filing, Joseph A. Jolson’s $1.5 billion fund announced a new position in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). Harvest Capital Strategies now owns 696,760 shares of the residential real estate finance company’s stock, equal to 9.3% of the company.