Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,701 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $61.68, for a total transaction of $474,997.68. Following the completion of the sale, the chief executive officer now owns 54,110 shares of the company’s stock, valued at approximately $3,337,504.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
GDOT traded down $0.57 during mid-day trading on Monday, reaching $62.12. 457,700 shares of the stock were exchanged, compared to its average volume of 793,022. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 24.55 and a beta of 0.75. Green Dot Co. has a 1 year low of $56.23 and a 1 year high of $93.00.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.25. Green Dot had a net margin of 11.39% and a return on equity of 15.88%. The company had revenue of $237.83 million for the quarter, compared to the consensus estimate of $235.80 million. During the same period in the previous year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Green Dot Co. will post 2.81 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Green Dot by 7.1% in the third quarter. BlackRock Inc. now owns 7,745,801 shares of the financial services provider’s stock worth $687,983,000 after buying an additional 514,669 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Green Dot by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,670,625 shares of the financial services provider’s stock valued at $503,665,000 after buying an additional 71,806 shares during the last quarter. Vanguard Group Inc boosted its position in Green Dot by 1.3% in the third quarter. Vanguard Group Inc now owns 5,670,625 shares of the financial services provider’s stock worth $503,665,000 after purchasing an additional 71,806 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Green Dot by 1.6% in the fourth quarter. Eagle Asset Management Inc. now owns 1,312,523 shares of the financial services provider’s stock worth $104,371,000 after purchasing an additional 20,758 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Green Dot by 33.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,186,853 shares of the financial services provider’s stock worth $94,379,000 after purchasing an additional 297,348 shares during the last quarter. Hedge funds and other institutional investors own 88.17% of the company’s stock.
About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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