Green Dot Co. (NYSE:GDOT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Green Dot Co. (NYSE:GDOT) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,114,292 shares of the financial services provider’s stock after purchasing an additional 363,831 shares during the period. Dimensional Fund Advisors LP owned approximately 3.93% of Green Dot worth $22,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Green Dot during the fourth quarter valued at about $44,000. KLP Kapitalforvaltning AS acquired a new stake in Green Dot during the 4th quarter valued at approximately $84,000. New York State Common Retirement Fund increased 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 worth $127,000 after purchasing an additional 4,600 shares during the last quarter. Polymer Capital Management US LLC acquired a new position in shares of Green Dot in the 4th quarter valued at approximately $131,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of 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 buying an additional 3,339 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT opened at $8.17 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $443.22 million, a P/E ratio of -7.78 and a beta of 0.76. Green Dot Co. has a 12 month low of $6.12 and a 12 month high of $13.58. The stock has a fifty day moving average price of $7.66 and a 200 day moving average price of $9.27.

Analysts Set New Price Targets

Several analysts recently issued reports on GDOT shares. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Craig Hallum upgraded shares of 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. Keefe, Bruyette & Woods decreased their price target on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Barclays cut 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. Finally, Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned 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.com, Green Dot has a consensus rating of “Moderate Buy” and an average target price of $10.75.

Green Dot Company 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.