Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Harvest Capital Strategies Increases Stake in Green Dot Corporation (GDOT) by 63%

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)

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.

Disclosure: none

Recommended Reading:

Ricky Sandler, Eminence Capital Support The Men’s Wearhouse, Inc. (MW)’s Plans To Acquire Jos. A. Bank Clothiers Inc (JOSB)

These Hedge Funds Lost A Bundle Betting On Lululemon Athletica inc. (LULU)

Millenium Management Sells Some More Shares of Liberator Medical Holdings Inc (LBMH)

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!