Green Dot Co. (GDOT) Insider Sells $1,251,529.20 in Stock
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $61.08, for a total value of $1,251,529.20. Following the completion of the transaction, the insider now owns 176,621 shares in the company, valued at approximately $10,788,010.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Green Dot Co. (GDOT) traded down $0.29 during mid-day trading on Thursday, reaching $60.74. The company’s stock had a trading volume of 188,673 shares, compared to its average volume of 355,604. Green Dot Co. has a one year low of $23.39 and a one year high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $3,100.00, a P/E ratio of 44.01 and a beta of 0.96.
Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. sell-side analysts expect that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Green Dot by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after purchasing an additional 38,814 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Green Dot by 184.0% in the third quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock valued at $6,439,000 after acquiring an additional 84,133 shares during the period. Rothschild Asset Management Inc. bought a new stake in shares of Green Dot in the third quarter valued at approximately $29,051,000. State Street Corp boosted its position in shares of Green Dot by 5.7% in the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after acquiring an additional 57,343 shares during the period. Finally, Boston Advisors LLC bought a new stake in shares of Green Dot in the third quarter valued at approximately $5,157,000. Institutional investors own 79.15% of the company’s stock.
A number of brokerages have recently weighed in on GDOT. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Morgan Stanley set a $60.00 price objective on Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, November 13th. Citigroup downgraded Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a report on Monday, November 13th. Finally, Cowen restated a “hold” rating and issued a $52.00 price objective on shares of Green Dot in a report on Friday, November 10th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $53.36.
About Green Dot
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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