Green Dot Co. (GDOT) Insider Sells $834,041.25 in Stock
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 12,495 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $66.75, for a total transaction of $834,041.25. Following the completion of the sale, the insider now directly owns 178,121 shares of the company’s stock, valued at approximately $11,889,576.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Green Dot Co. (NYSE GDOT) opened at $67.87 on Friday. The company has a market cap of $3,477.52, a P/E ratio of 41.38 and a beta of 0.79. Green Dot Co. has a 1 year low of $29.93 and a 1 year high of $69.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99.
Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $212.99 million for the quarter, compared to analyst estimates of $206.07 million. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. research analysts anticipate that Green Dot Co. will post 2.44 EPS for the current year.
Several large investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB purchased a new position in shares of Green Dot during the fourth quarter worth approximately $231,000. MetLife Investment Advisors LLC purchased a new position in shares of Green Dot during the fourth quarter worth approximately $1,297,000. Verition Fund Management LLC purchased a new position in Green Dot during the fourth quarter valued at approximately $216,000. Raymond James & Associates purchased a new position in Green Dot during the fourth quarter valued at approximately $1,002,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Green Dot during the fourth quarter valued at approximately $968,000. 82.25% of the stock is currently owned by institutional investors and hedge funds.
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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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