Steven W. Streit Sells 29,580 Shares of Green Dot Co. (GDOT) Stock

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Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 29,580 shares of the business’s stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $78.43, for a total transaction of $2,319,959.40. Following the sale, the insider now owns 202,561 shares in the company, valued at $15,886,859.23. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NYSE GDOT opened at $74.58 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. Green Dot Co. has a 12 month low of $53.12 and a 12 month high of $91.51. The company has a market capitalization of $4.67 billion, a P/E ratio of 47.20 and a beta of 0.70.

Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The business had revenue of $258.30 million for the quarter, compared to the consensus estimate of $250.18 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, research analysts expect that Green Dot Co. will post 2.4 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDOT. New York State Common Retirement Fund raised its holdings in shares of Green Dot by 10.5% in the 1st quarter. New York State Common Retirement Fund now owns 108,292 shares of the financial services provider’s stock worth $6,948,000 after purchasing an additional 10,248 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Green Dot during the first quarter valued at approximately $806,000. Principal Financial Group Inc. raised its holdings in shares of Green Dot by 3.5% during the first quarter. Principal Financial Group Inc. now owns 393,267 shares of the financial services provider’s stock valued at $25,232,000 after acquiring an additional 13,240 shares during the period. Profund Advisors LLC raised its holdings in shares of Green Dot by 36.6% during the first quarter. Profund Advisors LLC now owns 9,535 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 2,557 shares during the period. Finally, Mason Street Advisors LLC raised its holdings in shares of Green Dot by 7.6% during the first quarter. Mason Street Advisors LLC now owns 12,804 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 908 shares during the period. Institutional investors and hedge funds own 84.98% of the company’s stock.

GDOT has been the topic of a number of recent analyst reports. BTIG Research downgraded shares of Green Dot from a “buy” rating to a “neutral” rating in a research report on Monday, June 18th. They noted that the move was a valuation call. Loop Capital boosted their price target on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Craig Hallum restated a “buy” rating and set a $95.00 price target on shares of Green Dot in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $88.00 price target on shares of Green Dot in a research report on Thursday, August 9th. Finally, Guggenheim restated a “buy” rating and set a $88.00 price target on shares of Green Dot in a research report on Thursday, August 9th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.00.

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.

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

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