Osterweis Capital Management Inc. acquired a new stake in shares of GreenSky Inc (NASDAQ:GSKY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 297,970 shares of the company’s stock, valued at approximately $5,363,000.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. purchased a new stake in GreenSky during the second quarter valued at approximately $118,000. Mycio Wealth Partners LLC purchased a new stake in GreenSky during the third quarter valued at approximately $180,000. EJF Capital LLC purchased a new stake in GreenSky during the second quarter valued at approximately $212,000. California Public Employees Retirement System purchased a new stake in GreenSky during the second quarter valued at approximately $212,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in GreenSky during the second quarter valued at approximately $235,000. Institutional investors and hedge funds own 35.19% of the company’s stock.

In other news, insider Dennis I. Kelly acquired 27,000 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average price of $9.06 per share, with a total value of $244,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research analysts have recently commented on GSKY shares. BTIG Research started coverage on GreenSky in a research note on Thursday, October 11th. They set a “buy” rating and a $23.00 target price on the stock. Cowen raised GreenSky from a “neutral” rating to a “buy” rating in a research note on Thursday, August 16th. Compass Point raised GreenSky from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, August 16th. They noted that the move was a valuation call. Zacks Investment Research raised GreenSky from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, October 9th. Finally, Citigroup cut their target price on GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.62.

GSKY opened at $8.93 on Thursday. GreenSky Inc has a one year low of $8.55 and a one year high of $27.01.

GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, November 6th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $113.91 million for the quarter, compared to the consensus estimate of $121.28 million. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, equities analysts predict that GreenSky Inc will post 0.57 earnings per share for the current year.

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About GreenSky

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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Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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