Insider Selling: Green Dot Co. (GDOT) CFO Sells 6,500 Shares of Stock
Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $61.02, for a total value of $396,630.00. Following the completion of the sale, the chief financial officer now owns 723,391 shares in the company, valued at $44,141,318.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Green Dot Co. (GDOT) traded up $0.87 during trading hours on Wednesday, hitting $61.08. The company had a trading volume of 227,756 shares, compared to its average volume of 324,865. 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 Co. has a 12 month low of $25.08 and a 12 month high of $65.88. The company has a market cap of $3,100.00, a price-to-earnings ratio of 44.26 and a beta of 0.95.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. sell-side analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Green Dot by 0.7% in the 2nd 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 last quarter. State Street Corp increased its stake in Green Dot by 5.7% in the 2nd 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 last quarter. Renaissance Technologies LLC increased its stake in Green Dot by 57.4% in the 2nd 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 last quarter. Northern Trust Corp increased its stake in Green Dot by 11.0% in the 2nd 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 last quarter. Finally, Rothschild Asset Management Inc. bought a new position in Green Dot in the 3rd quarter worth about $29,051,000. Institutional investors and hedge funds own 78.66% 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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