Green Dot Co. (GDOT) CEO Steven W. Streit Sells 6,830 Shares
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $59.58, for a total value of $406,931.40. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,523,079.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Green Dot Co. (NYSE:GDOT) traded down $0.10 during trading on Thursday, reaching $60.33. The company’s stock had a trading volume of 261,696 shares, compared to its average volume of 355,020. Green Dot Co. has a 52 week low of $23.39 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 firm has a market cap of $3,026.84, a PE ratio of 34.83 and a beta of 0.96.
Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. equities analysts predict that Green Dot Co. will post 1.71 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased 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 purchasing an additional 38,814 shares in the last quarter. Boston Advisors LLC purchased a new position in Green Dot during the third quarter worth $5,157,000. State Street Corp increased its position in Green Dot by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after buying an additional 57,343 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Green Dot during the second quarter worth $1,319,000. Finally, Northern Trust Corp increased its position in Green Dot by 11.0% during the second quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock worth $23,212,000 after buying an additional 59,905 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.
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.
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