Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 12,495 shares of Green Dot stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $66.77, for a total transaction of $834,291.15. Following the completion of the sale, the insider now directly owns 285,958 shares in the company, valued at approximately $19,093,415.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of GDOT stock opened at $65.10 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. Green Dot Co. has a 1-year low of $32.04 and a 1-year high of $69.37. The stock has a market cap of $3,332.52, a price-to-earnings ratio of 37.81 and a beta of 0.79.
Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The business had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $206.07 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. equities research analysts forecast that Green Dot Co. will post 2.44 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its holdings in shares of Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,082 shares during the period. Globeflex Capital L P bought a new position in shares of Green Dot in the fourth quarter worth $185,000. Shelton Capital Management bought a new position in shares of Green Dot in the third quarter worth $210,000. Verition Fund Management LLC bought a new position in shares of Green Dot in the fourth quarter worth $216,000. Finally, Brown Advisory Inc. bought a new position in shares of Green Dot in the third quarter worth $229,000. 82.95% of the stock is currently owned by hedge funds and other 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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