Green Dot Co. (GDOT) CFO Sells $396,630.00 in Stock
Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of Green Dot stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $61.02, for a total value of $396,630.00. Following the transaction, the chief financial officer now directly owns 723,391 shares in the company, valued at approximately $44,141,318.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Green Dot Co. (GDOT) traded up $0.87 during mid-day trading on Wednesday, reaching $61.08. The company’s stock had a trading volume of 227,756 shares, compared to its average volume of 324,865. 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 Co. has a twelve month low of $25.08 and a twelve month high of $65.88. The stock has a market capitalization of $3,100.00, a PE ratio of 44.26 and a beta of 0.95.
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 the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for 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 business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. equities research analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Green Dot by 0.7% in the second 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 during the period. State Street Corp raised its stake in shares of Green Dot by 5.7% in the second 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 during the period. Renaissance Technologies LLC raised its stake in shares of Green Dot by 57.4% in the second 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 during the period. Northern Trust Corp raised its stake in shares of Green Dot by 11.0% in the second 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 during the period. Finally, Rothschild Asset Management Inc. bought a new stake in shares of Green Dot in the third quarter valued at $29,051,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.
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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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