Steven W. Streit Sells 7,974 Shares of Green Dot Co. (NYSE:GDOT) Stock

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Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,974 shares of the company’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $76.94, for a total value of $613,519.56. Following the sale, the chief executive officer now owns 125,775 shares of the company’s stock, valued at $9,677,128.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Green Dot opened at $73.39 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $3.74 billion, a P/E ratio of 35.51 and a beta of 0.76. Green Dot Co. has a 12-month low of $37.95 and a 12-month high of $79.12.

Green Dot (NYSE:GDOT) last announced its earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $315.00 million during the quarter, compared to the consensus estimate of $297.25 million. Green Dot had a return on equity of 14.21% and a net margin of 12.10%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. analysts forecast that Green Dot Co. will post 2.39 earnings per share for the current year.

A number of analysts have recently commented on GDOT shares. Compass Point downgraded Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. BTIG Research downgraded Green Dot from a “buy” rating to a “neutral” rating in a report on Monday, June 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded Green Dot from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Citigroup restated a “buy” rating on shares of Green Dot in a report on Monday, March 26th. Finally, ValuEngine upgraded Green Dot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $63.64.

Several institutional investors have recently made changes to their positions in GDOT. Schwab Charles Investment Management Inc. grew its stake in shares of Green Dot by 7.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 213,475 shares of the financial services provider’s stock valued at $12,865,000 after acquiring an additional 14,160 shares in the last quarter. Aperio Group LLC grew its stake in shares of Green Dot by 7.5% during the fourth quarter. Aperio Group LLC now owns 27,191 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 1,890 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Green Dot during the fourth quarter valued at about $832,000. Swiss National Bank grew its stake in shares of Green Dot by 3.0% during the fourth quarter. Swiss National Bank now owns 69,500 shares of the financial services provider’s stock valued at $4,188,000 after acquiring an additional 2,000 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Green Dot by 70.4% during the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 1,082 shares in the last quarter. Institutional investors own 82.58% of the company’s stock.

Green Dot Company Profile

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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