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.

WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/04/green-dot-corporation-gdot-director-kenneth-c-aldrich-sells-10000-shares-of-stock.html.

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.

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

Receive News & Stock Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related stocks with our FREE daily email newsletter.