Wellington Management Group LLP Makes New Investment in Green Dot Co. (NYSE:GDOT)

Wellington Management Group LLP acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 192,466 shares of the financial services provider's stock, valued at approximately $2,048,000. Wellington Management Group LLP owned 0.35% of Green Dot at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDOT. Topline Capital Management LLC acquired a new stake in Green Dot during the 4th quarter worth about $57,209,000. Walmart Inc. acquired a new stake in Green Dot during the 4th quarter worth about $10,374,000. Prudential Financial Inc. raised its holdings in Green Dot by 135.9% during the 4th quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock worth $7,032,000 after buying an additional 380,692 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 363,831 shares during the period. Finally, American Century Companies Inc. grew its stake in Green Dot by 42.5% during the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock valued at $11,077,000 after acquiring an additional 310,492 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GDOT. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Barclays lifted their target price on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods lowered their target price on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Finally, Northland Securities raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a research note on Wednesday, April 9th. One equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, Green Dot has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Green Dot Trading Down 2.3%

Shares of NYSE GDOT opened at $9.24 on Friday. The stock has a market cap of $507.03 million, a price-to-earnings ratio of -8.80 and a beta of 0.73. The business has a 50 day simple moving average of $8.54 and a 200 day simple moving average of $8.98. Green Dot Co. has a 52 week low of $6.12 and a 52 week high of $13.58. 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 (NYSE:GDOT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.70 by $0.36. The business had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. On average, research analysts predict that Green Dot Co. will post 0.87 earnings per share for the current fiscal year.

Insider Activity at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the completion of the sale, the insider now owns 253,139 shares of the company's stock, valued at $2,784,529. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

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.

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