Steven W. Streit Sells 9,557 Shares of Green Dot Co. (GDOT) Stock

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Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 9,557 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $73.25, for a total transaction of $700,050.25. Following the sale, the chief executive officer now owns 111,289 shares of the company’s stock, valued at $8,151,919.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Green Dot (NYSE:GDOT) last issued its quarterly earnings data 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 firm had revenue of $315.00 million for the quarter, compared to analyst estimates of $297.25 million. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. analysts predict that Green Dot Co. will post 2.39 earnings per share for the current year.

GDOT has been the subject of several research reports. Compass Point cut shares of Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. BTIG Research cut shares of 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 shares of 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 shares of Green Dot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Green Dot has an average rating of “Buy” and an average price target of $63.64.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Green Dot by 2.7% during the first quarter. BlackRock Inc. now owns 6,629,792 shares of the financial services provider’s stock valued at $425,368,000 after acquiring an additional 172,545 shares in the last quarter. Renaissance Technologies LLC raised its position in Green Dot by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,422,090 shares of the financial services provider’s stock valued at $85,695,000 after acquiring an additional 32,890 shares in the last quarter. Stephens Investment Management Group LLC raised its position in Green Dot by 46.9% during the first quarter. Stephens Investment Management Group LLC now owns 562,270 shares of the financial services provider’s stock valued at $36,075,000 after acquiring an additional 179,388 shares in the last quarter. JPMorgan Chase & Co. raised its position in Green Dot by 12.3% during the first quarter. JPMorgan Chase & Co. now owns 513,191 shares of the financial services provider’s stock valued at $32,926,000 after acquiring an additional 56,393 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Green Dot by 18.4% during the first quarter. Prudential Financial Inc. now owns 432,292 shares of the financial services provider’s stock valued at $27,736,000 after acquiring an additional 67,038 shares in the last quarter. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

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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