Susquehanna Fundamental Investments LLC Takes Position in Green Dot Co. (NYSE:GDOT)

Susquehanna Fundamental Investments LLC acquired a new stake in Green Dot Co. (NYSE:GDOT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 96,911 shares of the financial services provider's stock, valued at approximately $1,031,000. Susquehanna Fundamental Investments LLC owned 0.18% of Green Dot as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Green Dot in the 4th quarter valued at $44,000. KLP Kapitalforvaltning AS bought a new position in shares of Green Dot in the fourth quarter valued at $84,000. New York State Common Retirement Fund grew its holdings 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 buying an additional 4,600 shares during the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Green Dot during the fourth quarter worth about $131,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Green Dot by 25.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,513 shares of the financial services provider's stock worth $164,000 after acquiring an additional 3,339 shares during the last quarter. Institutional investors own 92.56% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GDOT. Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a report on Wednesday, April 9th. Barclays dropped their price objective on Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Finally, Craig Hallum upgraded shares of 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 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Green Dot Stock Performance

Green Dot stock traded down $0.06 during mid-day trading on Wednesday, reaching $8.14. The company's stock had a trading volume of 69,935 shares, compared to its average volume of 603,749. The company has a market capitalization of $441.38 million, a P/E ratio of -7.74 and a beta of 0.76. The firm's fifty day moving average price is $7.66 and its two-hundred day moving average price is $9.27. Green Dot Co. has a 12-month low of $6.12 and a 12-month 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.

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.