Bridgeway Capital Management LLC Sells 99,656 Shares of Green Dot Co. (NYSE:GDOT)

Bridgeway Capital Management LLC decreased its stake in Green Dot Co. (NYSE:GDOT - Free Report) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 515,983 shares of the financial services provider's stock after selling 99,656 shares during the period. Bridgeway Capital Management LLC owned approximately 0.96% of Green Dot worth $5,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDOT. Topline Capital Management LLC acquired a new position in Green Dot during the 4th quarter worth $57,209,000. Vanguard Group Inc. raised its holdings in shares of Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock valued at $38,141,000 after buying an additional 71,534 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Green Dot by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after acquiring an additional 363,831 shares during the period. Geode Capital Management LLC lifted its holdings in Green Dot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider's stock worth $13,173,000 after purchasing an additional 14,771 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Green Dot by 42.5% in the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock worth $11,077,000 after acquiring an additional 310,492 shares during the period. Hedge funds and other institutional investors own 92.56% of the company's stock.

Analyst Ratings Changes

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

Green Dot Stock Performance

Shares of Green Dot stock traded up $2.04 during trading on Friday, reaching $10.74. The company's stock had a trading volume of 3,919,873 shares, compared to its average volume of 625,902. The firm has a market cap of $582.43 million, a price-to-earnings ratio of -10.23 and a beta of 0.76. The business's fifty day moving average price is $7.80 and its 200-day moving average price is $9.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Co. has a one year low of $6.12 and a one year high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.36. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The company had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. During the same period last year, the business posted $0.59 EPS. The business's quarterly revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts predict that Green Dot Co. will post 0.87 earnings per share for the current year.

About Green Dot

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.