Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $62.82, for a total value of $429,060.60. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares in the company, valued at $11,095,331.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Green Dot Co. (GDOT) traded up $0.31 during mid-day trading on Thursday, reaching $62.32. The company had a trading volume of 172,885 shares, compared to its average volume of 263,041. The company has a market cap of $3,234.19, a PE ratio of 45.16 and a beta of 0.96. Green Dot Co. has a fifty-two week low of $25.66 and a fifty-two week high of $65.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for 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%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. analysts predict that Green Dot Co. will post 1.71 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its position in Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares in the last quarter. Shelton Capital Management bought a new position in Green Dot in the 3rd quarter valued at approximately $210,000. Cubist Systematic Strategies LLC bought a new position in Green Dot in the 2nd quarter valued at approximately $212,000. Finally, Brown Advisory Inc. bought a new position in Green Dot in the 3rd quarter valued at approximately $229,000. 78.42% of the stock is currently owned by institutional investors and hedge funds.
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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