Konrad Alt Sells 1,837 Shares of Green Dot Co. (GDOT) Stock

Green Dot Co. (NYSE:GDOT) insider Konrad Alt sold 1,837 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.66, for a total transaction of $115,106.42. Following the completion of the transaction, the insider now directly owns 79,062 shares in the company, valued at $4,954,024.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

GDOT opened at $63.00 on Friday. Green Dot Co. has a fifty-two week low of $56.23 and a fifty-two week high of $93.00. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 24.90 and a beta of 0.75.

Green Dot (NYSE:GDOT) last posted its 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. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities analysts predict that Green Dot Co. will post 2.81 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Green Dot during the 4th quarter valued at $46,340,000. BlackRock Inc. raised its holdings in Green Dot by 7.1% during 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 during the last quarter. Victory Capital Management Inc. raised its holdings in Green Dot by 47.8% during the fourth quarter. Victory Capital Management Inc. now owns 945,039 shares of the financial services provider’s stock worth $75,150,000 after buying an additional 305,441 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Green Dot during the fourth quarter worth $24,043,000. Finally, Bank of New York Mellon Corp raised its holdings in Green Dot by 33.4% during 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 buying an additional 297,348 shares during the last quarter. Hedge funds and other institutional investors own 88.93% of the company’s stock.

Several brokerages recently issued reports on GDOT. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Monday, February 11th. ValuEngine lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. SunTrust Banks decreased their price target on shares of Green Dot to $90.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Keefe, Bruyette & Woods raised shares of Green Dot from a “market perform” rating to an “outperform” rating in a report on Monday, April 1st. Finally, Northland Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of Green Dot in a report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $91.57.

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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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Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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