Mark L. Shifke Sells 6,500 Shares of Green Dot Co. (GDOT) Stock
Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $68.09, for a total value of $442,585.00. Following the transaction, the chief financial officer now owns 688,013 shares in the company, valued at $46,846,805.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Green Dot Co. (NYSE GDOT) opened at $67.65 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3,500.07, a price-to-earnings ratio of 39.72 and a beta of 0.79. Green Dot Co. has a one year low of $31.59 and a one year high of $69.37.
Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $206.07 million. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. equities research analysts anticipate that Green Dot Co. will post 2.44 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of GDOT. Eagle Asset Management Inc. acquired a new position in shares of Green Dot during the fourth quarter valued at $82,309,000. Carillon Tower Advisers Inc. acquired a new position in shares of Green Dot during the fourth quarter valued at $57,764,000. Rothschild Asset Management Inc. acquired a new position in shares of Green Dot during the third quarter valued at $29,051,000. BlackRock Inc. increased its holdings in shares of Green Dot by 8.2% during the fourth quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock valued at $389,113,000 after purchasing an additional 490,902 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in shares of Green Dot by 2,582.7% during the fourth quarter. OppenheimerFunds Inc. now owns 322,455 shares of the financial services provider’s stock valued at $19,432,000 after purchasing an additional 310,435 shares during the period. 83.11% of the stock is currently owned by institutional investors.
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About Green Dot
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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