BNP Paribas Arbitrage SA Raises Holdings in GreenSky Inc (NASDAQ:GSKY)
BNP Paribas Arbitrage SA raised its position in GreenSky Inc (NASDAQ:GSKY) by 81.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,943 shares of the company’s stock after buying an additional 872 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in GreenSky were worth $25,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in GSKY. Advisor Group Inc. lifted its position in shares of GreenSky by 140.1% during the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock valued at $34,000 after acquiring an additional 2,011 shares during the period. Royce & Associates LP bought a new stake in shares of GreenSky during the 4th quarter valued at $55,000. JOYN Advisors Inc. lifted its position in shares of GreenSky by 76.5% during the 4th quarter. JOYN Advisors Inc. now owns 7,500 shares of the company’s stock valued at $72,000 after acquiring an additional 3,250 shares during the period. Barclays PLC lifted its position in shares of GreenSky by 445.0% during the 4th quarter. Barclays PLC now owns 10,900 shares of the company’s stock valued at $105,000 after acquiring an additional 8,900 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of GreenSky during the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 32.41% of the company’s stock.
In other GreenSky news, Director Gregg Steven Freishtat sold 12,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $16.02, for a total value of $192,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GreenSky (NASDAQ:GSKY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. GreenSky had a negative return on equity of 120.94% and a net margin of 6.27%. The business had revenue of $103.70 million during the quarter, compared to the consensus estimate of $103.46 million. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts predict that GreenSky Inc will post 0.75 earnings per share for the current year.
Several analysts recently weighed in on GSKY shares. Citigroup upped their price objective on GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price objective on GreenSky from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Guggenheim downgraded GreenSky from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $13.75 to $13.76 in a research report on Wednesday, May 8th. Finally, SunTrust Banks upped their price objective on GreenSky to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.87.
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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.
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