Intrepid Capital Management Inc. purchased a new position in GreenSky Inc (NASDAQ:GSKY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 192,455 shares of the company’s stock, valued at approximately $2,365,000. Intrepid Capital Management Inc. owned approximately 0.11% of GreenSky as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of GSKY. Bank of New York Mellon Corp boosted its position in shares of GreenSky by 1,418.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,018,142 shares of the company’s stock worth $24,802,000 after purchasing an additional 1,885,223 shares in the last quarter. Bloom Tree Partners LLC bought a new stake in shares of GreenSky in the 2nd quarter worth approximately $11,676,000. Schroder Investment Management Group bought a new stake in shares of GreenSky in the 2nd quarter worth approximately $9,838,000. Marshall Wace LLP boosted its position in shares of GreenSky by 155.2% in the 1st quarter. Marshall Wace LLP now owns 1,088,923 shares of the company’s stock worth $14,091,000 after purchasing an additional 662,260 shares in the last quarter. Finally, Spark Investment Management LLC boosted its position in shares of GreenSky by 40.2% in the 1st quarter. Spark Investment Management LLC now owns 1,152,200 shares of the company’s stock worth $14,909,000 after purchasing an additional 330,414 shares in the last quarter. 40.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on GSKY shares. Sandler O’Neill cut GreenSky from a “buy” rating to a “hold” rating and dropped their price target for the stock from $14.00 to $7.00 in a research report on Tuesday, August 6th. Compass Point set a $7.00 price target on GreenSky and gave the stock a “hold” rating in a research report on Wednesday, August 7th. SunTrust Banks set a $7.00 price target on GreenSky and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Citigroup lowered shares of GreenSky from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $16.50 to $7.50 in a report on Wednesday, August 7th. Finally, Raymond James lowered shares of GreenSky from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.66.
GreenSky (NASDAQ:GSKY) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.31. GreenSky had a net margin of 7.28% and a negative return on equity of 93.12%. The company had revenue of $138.70 million during the quarter, compared to analyst estimates of $140.76 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. Equities research analysts predict that GreenSky Inc will post 0.57 earnings per share for the current year.
GreenSky Company Profile
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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