Green Dot Corporation (GDOT) Director Kenneth C. Aldrich Sells 10,000 Shares of Stock
Green Dot Corporation (NYSE:GDOT) Director Kenneth C. Aldrich sold 10,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.54, for a total value of $495,400.00. Following the transaction, the director now owns 20,563 shares of the company’s stock, valued at $1,018,691.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Green Dot Corporation (GDOT) opened at 51.17 on Wednesday. The firm has a market capitalization of $2.58 billion, a PE ratio of 43.51 and a beta of 1.00. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $51.24. The stock has a 50 day moving average price of $47.96 and a 200-day moving average price of $39.86.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. Equities analysts forecast that Green Dot Corporation will post $2.05 EPS for the current year.
Several equities research analysts have commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating on shares of Green Dot Corporation in a research report on Wednesday, September 20th. BidaskClub cut Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Finally, Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.50.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new position in shares of Green Dot Corporation in the 2nd quarter worth approximately $365,000. Ameritas Investment Partners Inc. grew its holdings in shares of Green Dot Corporation by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares in the last quarter. Castleark Management LLC increased its position in shares of Green Dot Corporation by 34.7% during the second quarter. Castleark Management LLC now owns 494,144 shares of the financial services provider’s stock valued at $19,039,000 after acquiring an additional 127,199 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Green Dot Corporation by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 35,322 shares of the financial services provider’s stock valued at $1,361,000 after acquiring an additional 2,424 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Green Dot Corporation during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Green Dot Corporation 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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