Green Dot Co. (NYSE:GDOT) Short Interest Down 32.7% in March

Green Dot Co. (NYSE:GDOT - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,020,000 shares, a decline of 32.7% from the March 15th total of 3,000,000 shares. Currently, 4.2% of the company's shares are short sold. Based on an average daily volume of 957,300 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On Green Dot

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Topline Capital Management LLC purchased a new stake in Green Dot during the fourth quarter worth $57,209,000. Vanguard Group Inc. lifted its stake in shares of Green Dot by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock worth $38,141,000 after purchasing an additional 71,534 shares during the last quarter. State Street Corp lifted its stake in shares of Green Dot by 5.6% during the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider's stock worth $29,514,000 after purchasing an additional 133,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Green Dot by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after purchasing an additional 363,831 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Green Dot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider's stock valued at $13,173,000 after purchasing an additional 14,771 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.

Green Dot Stock Up 3.8 %

Green Dot stock traded up $0.30 during midday trading on Wednesday, hitting $8.15. 410,541 shares of the company's stock were exchanged, compared to its average volume of 604,327. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $441.97 million, a PE ratio of -7.76 and a beta of 0.87. The firm has a 50-day moving average of $7.80 and a two-hundred day moving average of $9.49. Green Dot has a 12 month low of $6.12 and a 12 month high of $13.58.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GDOT. Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Friday, March 14th. Keefe, Bruyette & Woods cut their price objective on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target on the stock in a report on Wednesday, April 9th. Barclays decreased their price objective on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. Finally, Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average 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.