Insider Selling: Green Dot Corporation (GDOT) General Counsel Sells $784,814.25 in Stock
Green Dot Corporation (NYSE:GDOT) General Counsel John C. Ricci sold 12,507 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $62.75, for a total value of $784,814.25. Following the completion of the sale, the general counsel now owns 60,707 shares in the company, valued at approximately $3,809,364.25. The transaction was disclosed in a filing with the SEC, which is available at this link.
Green Dot Corporation (NYSE GDOT) opened at $62.95 on Thursday. The firm has a market capitalization of $3,224.02, a price-to-earnings ratio of 37.10 and a beta of 0.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Corporation has a twelve month low of $23.39 and a twelve month high of $65.88.
Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot Corporation had a return on equity of 12.55% and a net margin of 8.61%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. research analysts predict that Green Dot Corporation will post 1.71 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. purchased a new position in Green Dot Corporation during the 2nd quarter valued at about $108,000. IFP Advisors Inc boosted its holdings in Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares during the period. Turner Investments LLC purchased a new position in Green Dot Corporation during the 2nd quarter valued at about $154,000. Riverhead Capital Management LLC boosted its holdings in Green Dot Corporation by 55.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Green Dot Corporation by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the period. Institutional investors own 78.79% of the company’s stock.
Several research firms have commented on GDOT. SunTrust Banks, Inc. restated a “buy” rating on shares of Green Dot Corporation in a research report on Wednesday, September 20th. BidaskClub downgraded Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Cowen and Company reaffirmed a “hold” rating on shares of Green Dot Corporation in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 target price on shares of Green Dot Corporation in a research note on Thursday, October 12th. Finally, Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $41.00 to $44.00 in a research note on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.36.
About Green Dot Corporation
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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