Insider Selling: Green Dot Corp. (GDOT) General Counsel Sells 12,140 Shares of Stock
Green Dot Corp. (NYSE:GDOT) General Counsel John C. Ricci sold 12,140 shares of Green Dot Corp. stock in a transaction on Monday, November 28th. The shares were sold at an average price of $24.39, for a total value of $296,094.60. Following the completion of the sale, the general counsel now owns 137,482 shares in the company, valued at approximately $3,353,185.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Green Dot Corp. (NYSE:GDOT) traded down 0.29% on Wednesday, reaching $24.11. The company had a trading volume of 191,533 shares. The firm has a 50-day moving average of $22.92 and a 200-day moving average of $23.00. Green Dot Corp. has a 12 month low of $15.28 and a 12 month high of $24.56. The stock has a market capitalization of $1.21 billion, a P/E ratio of 33.96 and a beta of 1.05.
Green Dot Corp. (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, November 9th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Green Dot Corp. had a return on equity of 7.76% and a net margin of 5.22%. The business had revenue of $154.60 million for the quarter, compared to analysts’ expectations of $151.72 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Green Dot Corp. will post $1.43 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Green Dot Corp. by 151.7% in the second quarter. Bank of New York Mellon Corp now owns 2,135,036 shares of the financial services provider’s stock valued at $49,084,000 after buying an additional 1,286,734 shares during the period. Fiera Capital Corp acquired a new stake in Green Dot Corp. during the second quarter valued at about $13,769,000. Emerald Acquisition Ltd. acquired a new stake in Green Dot Corp. during the second quarter valued at about $12,263,000. Price T Rowe Associates Inc. MD boosted its stake in Green Dot Corp. by 10.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,716,182 shares of the financial services provider’s stock valued at $62,635,000 after buying an additional 266,122 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Green Dot Corp. by 1,151.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 247,985 shares of the financial services provider’s stock valued at $5,719,000 after buying an additional 228,169 shares during the period. Institutional investors and hedge funds own 76.27% of the company’s stock.
A number of equities research analysts have commented on GDOT shares. Zacks Investment Research downgraded Green Dot Corp. from a “hold” rating to a “sell” rating in a research report on Monday, November 14th. Deutsche Bank AG boosted their price objective on Green Dot Corp. from $23.00 to $25.00 and gave the company a “hold” rating in a report on Friday, August 5th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $23.00 price objective on shares of Green Dot Corp. in a report on Friday, August 5th. Jefferies Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Green Dot Corp. in a report on Friday, August 5th. Finally, TheStreet downgraded Green Dot Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.80.
About Green Dot Corp.
Green Dot Corporation, along with its subsidiaries, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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