Insider Selling: Green Dot Co. (GDOT) General Counsel Sells 4,466 Shares of Stock
Green Dot Co. (NYSE:GDOT) General Counsel John C. Ricci sold 4,466 shares of Green Dot stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $84.48, for a total transaction of $377,287.68. Following the completion of the sale, the general counsel now directly owns 46,405 shares in the company, valued at approximately $3,920,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:GDOT traded down $7.54 during mid-day trading on Monday, hitting $77.27. 663,709 shares of the stock traded hands, compared to its average volume of 373,484. The stock has a market cap of $4.47 billion, a P/E ratio of 48.91 and a beta of 1.06. Green Dot Co. has a 12-month low of $54.08 and a 12-month high of $93.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.25 by $0.13. The company had revenue of $230.58 million during the quarter, compared to analysts’ expectations of $223.95 million. Green Dot had a net margin of 11.47% and a return on equity of 14.80%. Green Dot’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, equities analysts forecast that Green Dot Co. will post 2.49 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. James Investment Research Inc. purchased a new position in Green Dot during the second quarter valued at approximately $101,000. Tower Research Capital LLC TRC purchased a new position in Green Dot during the third quarter valued at approximately $161,000. Bank of Montreal Can purchased a new position in Green Dot during the second quarter valued at approximately $165,000. Harvest Fund Management Co. Ltd purchased a new position in Green Dot during the third quarter valued at approximately $165,000. Finally, Everence Capital Management Inc. purchased a new position in Green Dot during the second quarter valued at approximately $228,000. 85.26% of the stock is owned by institutional investors.
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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.
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