Wellington Management Group LLP Takes Position in Green Dot Co. (NYSE:GDOT)

Wellington Management Group LLP acquired a new position in Green Dot Co. (NYSE:GDOT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 192,466 shares of the financial services provider's stock, valued at approximately $2,048,000. Wellington Management Group LLP owned about 0.35% of Green Dot at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC increased its stake in Green Dot by 5.1% during the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider's stock valued at $1,974,000 after acquiring an additional 9,044 shares during the period. Principal Financial Group Inc. increased its position in shares of Green Dot by 3.0% during 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. New York State Common Retirement Fund increased its position in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 4,600 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Green Dot by 12.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 2,954 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Green Dot in the fourth quarter worth $294,000. Institutional investors own 92.56% of the company's stock.

Insider Buying and Selling

In related news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the transaction, the insider now directly owns 253,139 shares of the company's stock, valued at $2,784,529. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Green Dot Price Performance

Shares of GDOT traded up $0.71 during trading hours on Monday, hitting $10.29. The stock had a trading volume of 1,486,085 shares, compared to its average volume of 651,725. The company's fifty day moving average is $8.56 and its two-hundred day moving average is $8.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a 52 week low of $6.12 and a 52 week high of $13.58. The stock has a market capitalization of $564.61 million, a price-to-earnings ratio of -9.80 and a beta of 0.73.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GDOT shares. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a report on Friday. Keefe, Bruyette & Woods dropped their price target 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 Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price for the company in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Green Dot presently has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Green Dot 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.