Partner Fund Management L.P. lifted its position in GreenSky Inc (NASDAQ:GSKY) by 150.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,038,160 shares of the company’s stock after acquiring an additional 1,225,832 shares during the quarter. Partner Fund Management L.P. owned 1.09% of GreenSky worth $36,687,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in GreenSky in the second quarter worth about $118,000. EJF Capital LLC bought a new position in GreenSky in the second quarter worth about $212,000. California Public Employees Retirement System bought a new position in GreenSky in the second quarter worth about $212,000. Mycio Wealth Partners LLC bought a new position in GreenSky in the third quarter worth about $180,000. Finally, CIBC Private Wealth Group LLC bought a new position in GreenSky in the second quarter worth about $235,000. Hedge funds and other institutional investors own 35.19% of the company’s stock.
In other GreenSky news, insider Dennis I. Kelly purchased 27,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were acquired at an average price of $9.06 per share, for a total transaction of $244,620.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of GSKY stock opened at $8.91 on Thursday. GreenSky Inc has a fifty-two week low of $8.55 and a fifty-two week high of $27.01.
GreenSky (NASDAQ:GSKY) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million for the quarter, compared to analysts’ expectations of $121.28 million. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. As a group, equities research analysts predict that GreenSky Inc will post 0.57 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/12/06/partner-fund-management-l-p-purchases-1225832-shares-of-greensky-inc-gsky.html.
GreenSky Company Profile
GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
Featured Story: What is Cost of Capital?
Want to see what other hedge funds are holding GSKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GreenSky Inc (NASDAQ:GSKY).
Receive News & Ratings for GreenSky Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenSky and related companies with MarketBeat.com's FREE daily email newsletter.