Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $62.00, for a total value of $423,460.00. Following the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,950,502. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Green Dot Co. (NYSE GDOT) traded up $0.77 during mid-day trading on Friday, hitting $61.44. The stock had a trading volume of 168,400 shares, compared to its average volume of 284,175. Green Dot Co. has a 52 week low of $24.59 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 company has a market capitalization of $3,140.00, a price-to-earnings ratio of 44.52 and a beta of 0.95.
Green Dot (NYSE:GDOT) last posted 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. 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 analyst estimates of $191.33 million. During the same quarter last year, the company earned $0.21 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. research analysts expect that Green Dot Co. will post 1.71 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Green Dot by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after acquiring an additional 38,814 shares during the period. State Street Corp lifted its holdings 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 acquiring an additional 57,343 shares during the period. Renaissance Technologies LLC lifted its holdings in Green Dot by 57.4% during the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares during the period. Northern Trust Corp lifted its holdings 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 acquiring an additional 59,905 shares during the period. Finally, Rothschild Asset Management Inc. bought a new stake in Green Dot during the third quarter worth $29,051,000. Institutional investors own 79.15% 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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