Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of Green Dot stock in a transaction on Monday, February 12th. The stock was sold at an average price of $55.96, for a total value of $363,740.00. Following the sale, the chief financial officer now owns 713,333 shares of the company’s stock, valued at $39,918,114.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Green Dot Co. (GDOT) opened at $60.44 on Friday. Green Dot Co. has a 52 week low of $26.21 and a 52 week high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3,058.35, a PE ratio of 35.19 and a beta of 0.87.
Institutional investors and hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC grew its stake in Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,082 shares during the last quarter. Globeflex Capital L P purchased a new position in Green Dot in the fourth quarter valued at about $185,000. Verition Fund Management LLC purchased a new position in Green Dot in the fourth quarter valued at about $216,000. Ameritas Investment Partners Inc. grew its stake in Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 472 shares during the last quarter. Finally, Shelton Capital Management purchased a new position in Green Dot in the third quarter valued at about $210,000. Institutional investors own 78.53% of the company’s stock.
GDOT has been the topic of several research reports. Citigroup upgraded Green Dot from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $68.00 in a research note on Tuesday. William Blair restated an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Cowen restated a “hold” rating and set a $55.00 price target on shares of Green Dot in a research note on Friday, January 12th. Guggenheim restated a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Finally, Zacks Investment Research lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.69.
COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://ledgergazette.com/2018/02/17/insider-selling-green-dot-co-gdot-cfo-sells-363740-00-in-stock.html.
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.
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.