Steven W. Streit Sells 2,665 Shares of Green Dot Co. (GDOT) Stock
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $62.44, for a total value of $166,402.60. Following the transaction, the chief executive officer now directly owns 176,621 shares in the company, valued at $11,028,215.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Green Dot Co. (NYSE GDOT) traded down $0.16 on Thursday, reaching $61.80. The company’s stock had a trading volume of 575,706 shares, compared to its average volume of 355,303. The firm has a market cap of $3,192.51, a P/E ratio of 36.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. Green Dot Co. has a 12 month low of $23.39 and a 12 month high of $65.88.
Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. analysts predict that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Green Dot by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after buying an additional 38,814 shares in the last quarter. State Street Corp lifted its stake in Green Dot by 5.7% in the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after buying an additional 57,343 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Green Dot by 57.4% in the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after buying an additional 299,842 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Green Dot by 91.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock valued at $27,975,000 after buying an additional 346,014 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Green Dot by 11.0% in the 2nd quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock valued at $23,212,000 after buying an additional 59,905 shares in the last quarter. 79.31% of the stock is currently owned by institutional investors and hedge funds.
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Green Dot Company 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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