Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 23,105 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $59.60, for a total transaction of $1,377,058.00. Following the transaction, the insider now directly owns 35,005 shares of the company’s stock, valued at approximately $2,086,298. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of GDOT traded down $0.23 during trading hours on Friday, reaching $60.74. 451,726 shares of the stock traded hands, compared to its average volume of 669,361. The firm has a market capitalization of $3.22 billion, a P/E ratio of 24.01 and a beta of 0.75. Green Dot Co. has a 52 week low of $56.23 and a 52 week high of $93.00.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, February 20th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.31 by $0.25. The business had revenue of $237.83 million for the quarter, compared to analyst estimates of $235.80 million. Green Dot had a net margin of 11.39% and a return on equity of 15.88%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, analysts predict that Green Dot Co. will post 2.81 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in GDOT. BlackRock Inc. increased its stake in shares of 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 purchasing an additional 514,669 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Vanguard Group Inc increased its stake in shares of 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 in the last quarter. Eagle Asset Management Inc. increased its stake in shares of 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 in the last quarter. 88.69% of the stock is currently owned by institutional investors and hedge funds.
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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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