Steven W. Streit Sells 6,830 Shares of Green Dot Co. (GDOT) Stock

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.48, for a total value of $413,078.40. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at approximately $10,682,038.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Green Dot Co. (GDOT) traded up $0.20 during mid-day trading on Thursday, hitting $61.28. The company’s stock had a trading volume of 236,913 shares, compared to its average volume of 264,683. The firm has a market cap of $3,110.00, a P/E ratio of 44.41 and a beta of 0.95. Green Dot Co. has a 52-week low of $25.16 and a 52-week 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. analysts expect that Green Dot Co. will post 1.71 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of 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. American International Group Inc. boosted its holdings in shares of Green Dot by 6.4% in the 3rd quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock valued at $1,793,000 after purchasing an additional 2,180 shares in the last quarter. Rothschild Asset Management Inc. acquired a new stake in shares of Green Dot in the 3rd quarter valued at $29,051,000. Nationwide Fund Advisors boosted its holdings in shares of Green Dot by 184.0% in the 3rd quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock valued at $6,439,000 after purchasing an additional 84,133 shares in the last quarter. Finally, Boston Advisors LLC acquired a new stake in shares of Green Dot in the 3rd quarter valued at $5,157,000. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on GDOT shares. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, November 13th. Craig Hallum started coverage on Green Dot in a research report on Thursday, October 5th. They set a “buy” rating and a $70.00 price target on the stock. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 8th. Finally, Jefferies Group reissued a “buy” rating and set a $53.00 price target on shares of Green Dot in a research report on Thursday, October 12th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Green Dot has a consensus rating of “Buy” and an average price target of $55.54.

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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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