Wellington Management Group LLP Invests $2.05 Million in Green Dot Co. (NYSE:GDOT)

Wellington Management Group LLP purchased a new position in shares of Green Dot Co. (NYSE:GDOT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 192,466 shares of the financial services provider's stock, valued at approximately $2,048,000. Wellington Management Group LLP owned approximately 0.36% of Green Dot as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Green Dot during the fourth quarter valued at approximately $84,000. New York State Common Retirement Fund grew its holdings in Green Dot by 63.1% during the 4th 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Green Dot by 25.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 16,513 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 3,339 shares in the last quarter. AXQ Capital LP purchased a new stake in Green Dot during the 4th quarter worth $166,000. Finally, Sei Investments Co. acquired a new position in Green Dot in the 4th quarter worth $217,000. Hedge funds and other institutional investors own 92.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

Green Dot Stock Performance

GDOT traded down $0.02 on Friday, hitting $7.41. 599,024 shares of the company's stock were exchanged, compared to its average volume of 605,040. The firm has a market cap of $401.57 million, a PE ratio of -7.05 and a beta of 0.87. The stock has a fifty day moving average of $7.90 and a two-hundred day moving average of $9.57. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58. 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 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.