WINTON GROUP Ltd Acquires 56,839 Shares of Green Dot Co. (NYSE:GDOT)

WINTON GROUP Ltd boosted its position in Green Dot Co. (NYSE:GDOT - Free Report) by 127.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 101,393 shares of the financial services provider's stock after acquiring an additional 56,839 shares during the period. WINTON GROUP Ltd owned 0.19% of Green Dot worth $1,079,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new position in shares of Green Dot in the fourth quarter worth $84,000. New York State Common Retirement Fund boosted its stake in Green Dot by 63.1% in 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 period. 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 buying an additional 3,339 shares in the last quarter. AXQ Capital LP bought a new stake in shares of Green Dot during the fourth quarter valued at about $166,000. Finally, Sei Investments Co. purchased a new stake in shares of Green Dot in the fourth quarter worth about $217,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDOT. 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 research note on Friday, March 14th. Barclays lowered their price objective 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. Finally, Keefe, Bruyette & Woods decreased 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.

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Green Dot Price Performance

Shares of Green Dot stock traded up $0.20 on Wednesday, hitting $8.75. 238,327 shares of the company traded hands, compared to its average volume of 588,197. Green Dot Co. has a 12-month low of $6.12 and a 12-month high of $13.58. The firm's 50-day simple moving average is $8.30 and its 200 day simple moving average is $9.96. The company has a market cap of $474.51 million, a P/E ratio of -8.33 and a beta of 1.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.