Insider Selling: Green Dot Co. (GDOT) Insider Sells $1,134,136.32 in Stock

Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 18,048 shares of the firm’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $62.84, for a total transaction of $1,134,136.32. Following the sale, the insider now owns 258,558 shares of the company’s stock, valued at $16,247,784.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of GDOT stock opened at $62.40 on Friday. Green Dot Co. has a 52 week low of $32.71 and a 52 week high of $69.37. The company has a market capitalization of $3,212.62, a PE ratio of 39.49 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99.

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Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The firm had revenue of $212.99 million during the quarter, compared to analyst estimates of $206.07 million. During the same period in the previous year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 30.9% on a year-over-year basis. equities research analysts anticipate that Green Dot Co. will post 2.44 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Guggenheim restated a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Cowen restated a “hold” rating and set a $55.00 price objective on shares of Green Dot in a research note on Friday, January 12th. Loop Capital raised their price objective on shares of Green Dot to $76.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Citigroup upgraded shares of Green Dot from a “neutral” rating to a “buy” rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Tuesday, February 13th. Finally, Compass Point lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.29.

Several hedge funds have recently made changes to their positions in GDOT. New York State Common Retirement Fund boosted its holdings in shares of Green Dot by 33.4% in the third quarter. New York State Common Retirement Fund now owns 102,662 shares of the financial services provider’s stock worth $5,090,000 after buying an additional 25,725 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Green Dot by 19.7% in the third quarter. Ameriprise Financial Inc. now owns 287,342 shares of the financial services provider’s stock worth $14,247,000 after buying an additional 47,203 shares during the last quarter. American International Group Inc. boosted its holdings in shares of Green Dot by 6.4% in the third quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock worth $1,793,000 after buying an additional 2,180 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Green Dot by 5.2% in the third quarter. Legal & General Group Plc now owns 89,352 shares of the financial services provider’s stock worth $4,431,000 after buying an additional 4,454 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Green Dot by 5.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 199,315 shares of the financial services provider’s stock worth $9,883,000 after buying an additional 10,289 shares during the last quarter. Hedge funds and other institutional investors own 82.95% of the company’s stock.

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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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