Jefferies Group LLC acquired a new position in shares of Green Dot Co. (NYSE:GDOT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,145 shares of the financial services provider’s stock, valued at approximately $672,000.
Other large investors also recently bought and sold shares of the company. LS Investment Advisors LLC increased its holdings in shares of 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 period. Globeflex Capital L P bought a new stake in Green Dot in the fourth quarter valued at about $185,000. Shelton Capital Management bought a new stake in Green Dot in the third quarter valued at about $210,000. Brown Advisory Inc. bought a new stake in Green Dot in the third quarter valued at about $229,000. Finally, Quantbot Technologies LP increased its stake in Green Dot by 212.7% in the third quarter. Quantbot Technologies LP now owns 4,866 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 3,310 shares during the period. Institutional investors own 82.95% of the company’s stock.
In other news, CFO Mark L. Shifke sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $68.09, for a total transaction of $442,585.00. Following the transaction, the chief financial officer now directly 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 the SEC website. Also, CEO Steven W. Streit sold 4,165 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $67.32, for a total transaction of $280,387.80. Following the transaction, the chief executive officer now owns 178,121 shares in the company, valued at $11,991,105.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,370 shares of company stock worth $17,725,230. Company insiders own 11.00% of the company’s stock.
A number of research firms recently weighed in on GDOT. Compass Point cut shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. Guggenheim reissued a “buy” rating and issued a $76.00 target price on shares of Green Dot in a research note on Monday, February 26th. Loop Capital upped their target price on shares of Green Dot to $76.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. SunTrust Banks reissued a “buy” rating and issued a $72.00 target price on shares of Green Dot in a research note on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Green Dot currently has a consensus rating of “Buy” and an average price target of $63.29.
Green Dot Co. (GDOT) opened at $66.15 on Tuesday. The company has a market cap of $3,463.18, a PE ratio of 39.30 and a beta of 0.79. Green Dot Co. has a 12-month low of $32.04 and a 12-month high of $69.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99.
Green Dot (NYSE:GDOT) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The firm 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 revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. equities research analysts predict that Green Dot Co. will post 2.44 EPS for the current year.
Green Dot 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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