Villanova Investment Management Co LLC Has $2.21 Million Stake in Green Dot Co. (NYSE:GDOT)

Villanova Investment Management Co LLC raised its position in Green Dot Co. (NYSE:GDOT) by 45.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,251 shares of the financial services provider’s stock after acquiring an additional 65,124 shares during the quarter. Green Dot makes up about 2.0% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 20th largest holding. Villanova Investment Management Co LLC’s holdings in Green Dot were worth $2,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Green Dot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider’s stock worth $13,173,000 after acquiring an additional 14,771 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Green Dot in the fourth quarter valued at $44,000. Wellington Management Group LLP bought a new position in shares of Green Dot in the fourth quarter valued at about $2,048,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Green Dot during the 4th quarter worth about $1,163,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Green Dot by 11.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 284,468 shares of the financial services provider’s stock valued at $3,027,000 after buying an additional 29,561 shares during the last quarter. Institutional investors own 92.56% of the company’s stock.

Green Dot Trading Up 0.8 %

Shares of GDOT stock opened at $8.43 on Tuesday. The stock has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $9.99. Green Dot Co. has a 1 year low of $6.12 and a 1 year 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. The stock has a market cap of $456.89 million, a P/E ratio of -8.02 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GDOT. Barclays cut their price objective on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, March 14th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th.

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.