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 on Tuesday, December 12th. The shares were sold at an average price of $61.45, for a total transaction of $419,703.50. Following the completion of the transaction, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at $10,853,360.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Green Dot Co. (GDOT) traded down $1.68 during trading hours on Thursday, reaching $59.24. 489,140 shares of the company were exchanged, compared to its average volume of 356,156. The stock has a market cap of $3,010.00, a PE ratio of 36.06 and a beta of 0.96. Green Dot Co. has a one year low of $23.39 and a one year high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96.
Green Dot (NYSE:GDOT) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. equities research analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its position 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 worth $206,067,000 after purchasing an additional 38,814 shares during the period. Rothschild Asset Management Inc. purchased a new position in Green Dot in the 3rd quarter worth $29,051,000. Boston Advisors LLC purchased a new position in Green Dot in the 3rd quarter worth $5,157,000. State Street Corp raised its position 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 worth $40,704,000 after purchasing an additional 57,343 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Green Dot in the 2nd quarter worth $1,319,000. Institutional investors own 79.26% of the company’s stock.
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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