BlackRock Amends Green Dot Stake, Remains Key Institutional Holder
Ticker: GDOT · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1386278
| Field | Detail |
|---|---|
| Company | Green Dot Corp (GDOT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Green Dot holdings, still a major player.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in their ownership of GREEN DOT CORP's Class A Common Stock as of December 31, 2023. This is the 12th amendment to their filing, showing that BlackRock continues to be a significant institutional investor in Green Dot. This matters to investors because BlackRock's continued substantial holding suggests confidence in Green Dot's long-term prospects, but any future changes in their stake could signal shifts in institutional sentiment.
Why It Matters
This filing shows BlackRock's updated position in Green Dot, providing transparency on a major institutional investor's continued involvement, which can influence market perception.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, but this filing alone doesn't warrant immediate action. It's a data point for understanding institutional interest.
Key Numbers
- 12 — Amendment Number (This is the twelfth amendment to BlackRock's Schedule 13G filing for Green Dot Corp.)
- 39304D102 — CUSIP Number (The unique identifier for Green Dot Corp's Class A Common Stock.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- GREEN DOT CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Class A Common Stock (company) — the type of securities held by BlackRock
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially fluctuating, stake in Green Dot Corp throughout 2024. (BlackRock, Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section and the title 'SC 13G/A - GREEN DOT CORP'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is GREEN DOT CORP, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GREEN DOT CORP' section and 'GREEN DOT CORP (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox selection.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding GREEN DOT CORP (GDOT).