Green Dot Co. (GDOT) CEO Steven W. Streit Sells 9,860 Shares of Stock

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 9,860 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $78.84, for a total transaction of $777,362.40. Following the completion of the transaction, the chief executive officer now directly owns 84,519 shares of the company’s stock, valued at approximately $6,663,477.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of GDOT stock traded down $7.44 during trading hours on Friday, hitting $85.40. 29,875 shares of the company were exchanged, compared to its average volume of 435,764. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 54.03 and a beta of 1.06. Green Dot Co. has a fifty-two week low of $54.08 and a fifty-two week high of $93.00. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.25 by $0.13. The company had revenue of $230.58 million during the quarter, compared to the consensus estimate of $223.95 million. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Analysts anticipate that Green Dot Co. will post 2.4 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in GDOT. UBS Group AG grew its position in shares of Green Dot by 59.0% during the 1st quarter. UBS Group AG now owns 46,719 shares of the financial services provider’s stock worth $2,998,000 after buying an additional 17,333 shares during the period. Legal & General Group Plc lifted its holdings in shares of Green Dot by 2.8% in the 1st quarter. Legal & General Group Plc now owns 95,735 shares of the financial services provider’s stock worth $6,107,000 after purchasing an additional 2,621 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Green Dot by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 393,267 shares of the financial services provider’s stock worth $25,232,000 after purchasing an additional 13,240 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Green Dot by 33.0% in the 1st quarter. Brown Advisory Inc. now owns 10,476 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 2,602 shares in the last quarter. Finally, KAMES CAPITAL plc lifted its holdings in shares of Green Dot by 79.0% in the 2nd quarter. KAMES CAPITAL plc now owns 285,532 shares of the financial services provider’s stock worth $20,933,000 after purchasing an additional 125,993 shares in the last quarter. 84.62% of the stock is owned by institutional investors.

GDOT has been the subject of several recent research reports. Deutsche Bank set a $79.00 price objective on Green Dot and gave the company a “hold” rating in a research note on Thursday. Craig Hallum set a $115.00 price objective on Green Dot and gave the company a “buy” rating in a research note on Thursday. Loop Capital upped their price objective on Green Dot to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Citigroup set a $105.00 price objective on Green Dot and gave the company a “buy” rating in a research note on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Green Dot in a research note on Thursday, August 9th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.82.

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About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

Further Reading: How can you know how many shares are floating?

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

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