Mark L. Shifke Sells 5,000 Shares of Green Dot Corp. (GDOT) Stock
Green Dot Corp. (NYSE:GDOT) CFO Mark L. Shifke sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the completion of the transaction, the chief financial officer now owns 809,845 shares in the company, valued at approximately $18,440,170.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Green Dot Corp. (NYSE:GDOT) opened at 22.74 on Tuesday. Green Dot Corp. has a 12-month low of $15.28 and a 12-month high of $24.41. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 34.14 and a beta of 0.95. The company has a 50 day moving average of $22.98 and a 200-day moving average of $22.84.
Green Dot Corp. (NYSE:GDOT) last released its earnings results on Thursday, August 4th. The financial services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Green Dot Corp. had a return on equity of 7.80% and a net margin of 5.01%. The firm earned $173.50 million during the quarter, compared to the consensus estimate of $169.27 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Green Dot Corp. will post $1.43 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in GDOT. O Shaughnessy Asset Management LLC increased its stake in Green Dot Corp. by 305.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,646 shares of the financial services provider’s stock worth $107,000 after buying an additional 3,500 shares during the period. Teacher Retirement System of Texas increased its position in shares of Green Dot Corp. by 33.1% in the second quarter. Teacher Retirement System of Texas now owns 6,435 shares of the financial services provider’s stock worth $148,000 after buying an additional 1,599 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Green Dot Corp. by 20.1% in the second quarter. Penserra Capital Management LLC now owns 8,192 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,371 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of Green Dot Corp. during the second quarter worth about $194,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Green Dot Corp. during the second quarter worth about $239,000. 76.62% of the stock is owned by hedge funds and other institutional investors.
GDOT has been the topic of several recent research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price objective on shares of Green Dot Corp. in a research note on Tuesday, June 28th. BTIG Research reissued a “hold” rating on shares of Green Dot Corp. in a report on Friday, August 5th. Morgan Stanley set a $23.00 target price on shares of Green Dot Corp. and gave the stock a “hold” rating in a report on Friday, August 5th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $23.00 target price on shares of Green Dot Corp. in a report on Friday, August 5th. Finally, TheStreet lowered shares of Green Dot Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.31.
Green Dot Corp. Company Profile
Green Dot Corporation, along with its subsidiaries, 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.
Receive News & Stock Ratings for Green Dot Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corp. and related stocks with our FREE daily email newsletter.