Green Dot Co. (NYSE:GDOT) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its position in Green Dot Co. (NYSE:GDOT) by 10.5% in the fourth quarter, HoldingsChannel reports. The fund owned 21,019 shares of the financial services provider’s stock after selling 2,479 shares during the quarter. Guggenheim Capital LLC’s holdings in Green Dot were worth $224,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GDOT. Meeder Asset Management Inc. purchased a new stake in shares of Green Dot during the fourth quarter worth about $44,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Green Dot during the fourth quarter worth about $84,000. New York State Common Retirement Fund increased its stake in shares of Green Dot by 63.1% during the fourth 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 in the last quarter. Polymer Capital Management US LLC purchased a new stake in shares of Green Dot during the fourth quarter worth about $131,000. Finally, AXQ Capital LP purchased a new stake in shares of Green Dot during the fourth quarter worth about $166,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Performance

Green Dot stock opened at $8.25 on Tuesday. The firm has a 50 day simple moving average of $7.69 and a 200-day simple moving average of $9.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a 1-year low of $6.12 and a 1-year high of $13.58. The stock has a market cap of $447.40 million, a price-to-earnings ratio of -7.86 and a beta of 0.87.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GDOT. Barclays cut their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Northland Securities raised shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Wednesday, April 9th. 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. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Green Dot currently 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.