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.

Is Green Dot Corporation (GDOT) A Good Stock To Buy?

Page 1 of 2

Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the third quarter. Among them, Valeant and Micron ranked among the top 30 picks and both lost around 20%. Citigroup, which was the third most popular stock, lost 10% amid uncertainty regarding the interest rates. Nevertheless, our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. This is why following the smart money sentiment is a useful tool at identifying the next stock to invest in.

Green Dot Corporation (NYSE:GDOT) was in 16 hedge funds’ portfolios at the end of the third quarter of 2015. GDOT has seen a decrease in activity from the world’s largest hedge funds lately, as there were 24 hedge funds in our database with GDOT holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Albany International Corp. (NYSE:AIN), PTC Therapeutics, Inc. (NASDAQ:PTCT), and Bristow Group Inc (NYSE:BRS) to gather more data points.

Follow Green Dot Corp (NYSE:GDOT)
Trade (NYSE:GDOT) Now!

In today’s marketplace there are tons of gauges stock market investors have at their disposal to assess publicly traded companies. A pair of the most under-the-radar gauges are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the top picks of the best investment managers can outperform the broader indices by a significant amount (see the details here).

Keeping this in mind, let’s take a peek at the key action surrounding Green Dot Corporation (NYSE:GDOT).

What does the smart money think about Green Dot Corporation (NYSE:GDOT)?

Heading into Q4, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -33% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were increasing their holdings significantly (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Joseph A. Jolson’s Harvest Capital Strategies has the most valuable position in Green Dot Corporation (NYSE:GDOT), worth close to $37.9 million, accounting for 6.8% of its total 13F portfolio. Coming in second is Ken Griffin’s Citadel Investment Group, with a $30.6 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. The remaining members of the smart money that hold long positions include Peter S. Park’s Park West Asset Management, Neil Chriss’ Hutchin Hill Capital and Porter Collins, Daniel Moses, and Vincent Daniel’s Seawolf Capital.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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!