William Blair Investment Management LLC grew its position in GreenSky Inc (NASDAQ:GSKY) by 299.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020,678 shares of the company’s stock after purchasing an additional 765,426 shares during the period. William Blair Investment Management LLC’s holdings in GreenSky were worth $18,372,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new position in shares of GreenSky in the 2nd quarter valued at about $118,000. EJF Capital LLC acquired a new position in shares of GreenSky in the 2nd quarter valued at about $212,000. California Public Employees Retirement System acquired a new position in shares of GreenSky in the 2nd quarter valued at about $212,000. Mycio Wealth Partners LLC acquired a new position in shares of GreenSky in the 3rd quarter valued at about $180,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of GreenSky in the 2nd quarter valued at about $235,000. 35.19% of the stock is currently owned by institutional investors and hedge funds.
GreenSky stock opened at $9.29 on Tuesday. GreenSky Inc has a one year low of $8.55 and a one year high of $27.01.
In related news, insider Dennis I. Kelly purchased 27,000 shares of GreenSky stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average cost of $9.06 per share, with a total value of $244,620.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Several equities analysts have recently weighed in on GSKY shares. Compass Point reaffirmed a “hold” rating and issued a $22.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $30.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Sandler O’Neill reaffirmed a “hold” rating and issued a $20.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Citigroup reduced their price objective on GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Finally, Credit Suisse Group reduced their price target on GreenSky from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. GreenSky has a consensus rating of “Hold” and an average target price of $20.62.
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GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
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