Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,974 shares of the business’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $63.08, for a total value of $502,999.92. Following the completion of the transaction, the chief executive officer now directly owns 253,005 shares in the company, valued at $15,959,555.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NYSE GDOT opened at $62.49 on Friday. The company has a market cap of $3,201.35, a PE ratio of 39.55 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. Green Dot Co. has a fifty-two week low of $33.70 and a fifty-two week high of $69.37.
Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $212.99 million for the quarter, compared to the consensus estimate of $206.07 million. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. equities analysts expect that Green Dot Co. will post 2.41 earnings per share for the current year.
A number of research analysts recently commented on GDOT shares. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $68.00 in a report on Tuesday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Compass Point downgraded Green Dot from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. Craig Hallum reaffirmed a “buy” rating and issued a $75.00 price objective (up previously from $70.00) on shares of Green Dot in a research note on Thursday, February 22nd. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $62.00 price objective (up previously from $60.00) on shares of Green Dot in a research note on Thursday, February 22nd. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.29.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in shares of Green Dot by 70.4% during the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,082 shares during the last quarter. Globeflex Capital L P bought a new position in shares of Green Dot during the 4th quarter valued at approximately $185,000. Verition Fund Management LLC bought a new position in shares of Green Dot during the 4th quarter valued at approximately $216,000. Xact Kapitalforvaltning AB bought a new position in shares of Green Dot during the 4th quarter valued at approximately $231,000. Finally, Bfsg LLC increased its position in shares of Green Dot by 17.2% during the 4th quarter. Bfsg LLC now owns 5,731 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 840 shares during the last quarter. 82.04% of the stock is currently owned by hedge funds and other institutional investors.
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Green Dot Company Profile
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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