Steven W. Streit Sells 7,974 Shares of Green Dot Co. (GDOT) Stock

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,974 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $63.08, for a total value of $502,999.92. Following the sale, the chief executive officer now directly owns 253,005 shares in the company, valued at approximately $15,959,555.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GDOT stock opened at $62.49 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. Green Dot Co. has a 52-week low of $33.70 and a 52-week high of $69.37. The company has a market cap of $3,201.35, a price-to-earnings ratio of 36.33 and a beta of 0.73.

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Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The company had revenue of $212.99 million for the quarter, compared to the consensus estimate of $206.07 million. During the same period in the previous year, the business earned $0.19 EPS. Green Dot’s revenue for the quarter was up 30.9% compared to the same quarter last year. equities analysts forecast that Green Dot Co. will post 2.41 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC increased its holdings in Green Dot by 70.4% during the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,082 shares during the last quarter. Globeflex Capital L P purchased a new stake in Green Dot during the 4th quarter worth approximately $185,000. Verition Fund Management LLC purchased a new stake in Green Dot during the 4th quarter worth approximately $216,000. Xact Kapitalforvaltning AB purchased a new stake in Green Dot during the 4th quarter worth approximately $231,000. Finally, Bfsg LLC increased its holdings in Green Dot by 17.2% during the 4th quarter. Bfsg LLC now owns 5,731 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 840 shares during the last quarter. Institutional investors own 82.04% of the company’s stock.

A number of research firms recently commented on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Cowen restated a “hold” rating and issued a $55.00 price objective on shares of Green Dot in a report on Friday, January 12th. Loop Capital raised their price objective on Green Dot to $76.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Citigroup upgraded Green Dot from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $68.00 in a report on Tuesday, February 13th. Finally, Compass Point downgraded Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Green Dot currently has an average rating of “Buy” and an average price target of $63.29.

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About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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

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