35,000 Shares in Green Dot Co. (NYSE:GDOT) Purchased by 272 Capital LP

272 Capital LP bought a new position in shares of Green Dot Co. (NYSE:GDOT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the financial services provider's stock, valued at approximately $372,000. 272 Capital LP owned approximately 0.07% of Green Dot as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Green Dot by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider's stock valued at $3,885,000 after acquiring an additional 78,547 shares during the last quarter. Barclays PLC raised its stake in Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after acquiring an additional 68,481 shares during the period. Wellington Management Group LLP purchased a new position in shares of Green Dot in the fourth quarter worth about $2,048,000. Principal Financial Group Inc. raised its position in shares of Green Dot by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock valued at $2,775,000 after purchasing an additional 7,642 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Green Dot during the 4th quarter valued at approximately $294,000. 92.56% of the stock is owned by institutional investors.

Green Dot Trading Down 1.3 %

Shares of GDOT traded down $0.10 during mid-day trading on Monday, reaching $8.13. The company's stock had a trading volume of 393,033 shares, compared to its average volume of 604,665. The company's fifty day moving average price is $7.66 and its two-hundred day moving average price is $9.28. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 52 week low of $6.12 and a 52 week high of $13.58. The stock has a market cap of $440.67 million, a PE ratio of -7.74 and a beta of 0.76.

Analysts Set New Price Targets

GDOT has been the topic of a number of analyst reports. Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday, April 9th. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price for the company in a research note on Friday, March 14th. Keefe, Bruyette & Woods decreased their price target on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Barclays cut their price target on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.75.

Green Dot Company Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.