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)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!