Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $62.00, for a total value of $423,460.00. Following the completion of the transaction, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,950,502. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Green Dot Co. (NYSE:GDOT) opened at $61.61 on Friday. The firm has a market capitalization of $3,122.38, a PE ratio of 35.93 and a beta of 0.96. Green Dot Co. has a fifty-two week low of $24.99 and a fifty-two week high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.
Green Dot (NYSE:GDOT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. Green Dot’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDOT. Rothschild Asset Management Inc. acquired a new position in Green Dot in the 3rd quarter worth about $29,051,000. Renaissance Technologies LLC raised its holdings in Green Dot by 57.4% in the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after purchasing an additional 299,842 shares during the period. JPMorgan Chase & Co. raised its holdings in Green Dot by 202.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock worth $16,937,000 after purchasing an additional 294,121 shares during the period. GMT Capital Corp acquired a new position in Green Dot in the 3rd quarter worth about $13,178,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Green Dot in the 3rd quarter worth about $7,420,000. 79.15% of the stock is owned by institutional investors.
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Green Dot Company Profile
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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