Green Dot Corporation (GDOT) Shares Sold by Public Sector Pension investment Board
Public Sector Pension investment Board reduced its stake in shares of Green Dot Corporation (NYSE:GDOT) by 27.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,008 shares of the financial services provider’s stock after selling 8,900 shares during the period. Public Sector Pension investment Board’s holdings in Green Dot Corporation were worth $886,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of GDOT. Daiwa Securities Group Inc. purchased a new stake in shares of Green Dot Corporation during the 2nd quarter worth approximately $108,000. IFP Advisors Inc grew its holdings in shares of Green Dot Corporation by 5,537.3% in the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,824 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Green Dot Corporation in the 1st quarter worth approximately $118,000. Turner Investments LLC acquired a new stake in shares of Green Dot Corporation in the 2nd quarter worth approximately $154,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of Green Dot Corporation by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares during the period. Institutional investors own 77.43% of the company’s stock.
In related news, CFO Mark L. Shifke sold 5,000 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $39.86, for a total value of $199,300.00. Following the completion of the transaction, the chief financial officer now owns 762,575 shares in the company, valued at approximately $30,396,239.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $46.74, for a total value of $373,686.30. Following the completion of the transaction, the insider now owns 217,010 shares of the company’s stock, valued at approximately $10,143,047.40. The disclosure for this sale can be found here. Insiders sold a total of 158,156 shares of company stock worth $7,194,517 over the last 90 days. Insiders own 11.00% of the company’s stock.
A number of analysts have commented on GDOT shares. Zacks Investment Research downgraded Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub lowered Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. ValuEngine cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup Inc. raised their price target on Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Finally, Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $41.00 to $44.00 in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.50.
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Shares of Green Dot Corporation (NYSE:GDOT) opened at 51.17 on Wednesday. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $51.24. The firm has a market capitalization of $2.58 billion, a PE ratio of 43.51 and a beta of 1.00. The firm’s 50 day moving average is $47.96 and its 200 day moving average is $39.86.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. Analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current fiscal year.
Green Dot Corporation Company Profile
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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