72,915 Shares in Green Dot Co. (NYSE:GDOT) Bought by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC purchased a new position in Green Dot Co. (NYSE:GDOTGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,915 shares of the financial services provider’s stock, valued at approximately $1,831,000. AlphaCrest Capital Management LLC owned approximately 0.13% of Green Dot as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Green Dot during the first quarter worth about $137,000. State of New Jersey Common Pension Fund D grew its position in Green Dot by 14.1% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 80,203 shares of the financial services provider’s stock worth $2,204,000 after acquiring an additional 9,882 shares during the last quarter. Royce & Associates LP increased its holdings in Green Dot by 40.8% during the 1st quarter. Royce & Associates LP now owns 16,522 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 4,790 shares in the last quarter. KBC Group NV raised its position in Green Dot by 154.8% in the 1st quarter. KBC Group NV now owns 5,735 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 3,484 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its position in Green Dot by 47.8% in the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 264,664 shares of the financial services provider’s stock valued at $7,273,000 after purchasing an additional 85,589 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Green Dot Price Performance

GDOT opened at $19.69 on Thursday. The firm has a 50 day simple moving average of $19.03 and a 200 day simple moving average of $22.97. Green Dot Co. has a fifty-two week low of $16.93 and a fifty-two week high of $40.14. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 22.63 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GDOT shares. William Blair lowered Green Dot from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. Barclays dropped their target price on shares of Green Dot from $25.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, November 14th. Northland Securities decreased their price target on shares of Green Dot to $23.00 in a research note on Tuesday, November 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Green Dot from $27.00 to $22.00 in a research report on Monday, October 10th. Finally, Citigroup upped their price objective on Green Dot to $28.00 in a report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.25.

About Green Dot

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Green Dot Corporation, a financial technology and bank holding company, provides various financial products 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 offers deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.

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Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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