Insider Selling: Green Dot Co. (GDOT) CEO Sells 6,830 Shares of Stock
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of Green Dot stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $62.82, for a total transaction of $429,060.60. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $11,095,331.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Green Dot Co. (NYSE:GDOT) opened at $62.32 on Friday. The firm has a market cap of $3,151.35, a price-to-earnings ratio of 36.26 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Co. has a 52-week low of $25.66 and a 52-week high of $65.88.
Green Dot (NYSE:GDOT) last released its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. equities analysts expect that Green Dot Co. will post 1.71 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Green Dot by 0.7% during the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after purchasing an additional 38,814 shares during the period. American International Group Inc. increased its stake in Green Dot by 6.4% in the third quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock valued at $1,793,000 after acquiring an additional 2,180 shares during the period. Rothschild Asset Management Inc. bought a new stake in Green Dot in the third quarter valued at about $29,051,000. Nationwide Fund Advisors increased its stake in Green Dot by 184.0% in the third quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock valued at $6,439,000 after acquiring an additional 84,133 shares during the period. Finally, Boston Advisors LLC bought a new stake in Green Dot in the third quarter valued at about $5,157,000. Institutional investors own 78.42% of the company’s stock.
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Green Dot 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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