Shares of Green Dot Co. (NYSE:GDOT) were down 8.9% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $76.80 and last traded at $77.27. Approximately 663,705 shares were traded during trading, an increase of 78% from the average daily volume of 373,484 shares. The stock had previously closed at $84.81.

Specifically, Director Kenneth C. Aldrich sold 31,281 shares of Green Dot stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $85.70, for a total transaction of $2,680,781.70. Following the sale, the director now owns 31,251 shares of the company’s stock, valued at approximately $2,678,210.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven W. Streit sold 43,396 shares of Green Dot stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $87.02, for a total transaction of $3,776,319.92. Following the sale, the insider now directly owns 236,471 shares in the company, valued at approximately $20,577,706.42. The disclosure for this sale can be found here. Insiders have sold a total of 447,488 shares of company stock worth $36,601,149 in the last ninety days. Insiders own 9.70% of the company’s stock.

GDOT has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $88.00 price objective on shares of Green Dot in a research note on Thursday, August 9th. SunTrust Banks boosted their price objective on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Citigroup boosted their price objective on shares of Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Jefferies Financial Group boosted their price objective on shares of Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Loop Capital boosted their price objective on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $91.33.

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.47 billion, a P/E ratio of 48.91 and a beta of 1.06.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, November 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.13. The business 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%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Equities analysts anticipate that Green Dot Co. will post 2.49 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its holdings in Green Dot by 0.5% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 146,543 shares of the financial services provider’s stock worth $10,755,000 after buying an additional 698 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Green Dot by 7.9% in the second quarter. Crossmark Global Holdings Inc. now owns 9,600 shares of the financial services provider’s stock worth $705,000 after buying an additional 700 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Green Dot by 5.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 15,394 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 775 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in Green Dot by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 55,622 shares of the financial services provider’s stock worth $4,082,000 after buying an additional 834 shares during the last quarter. Finally, Comerica Bank raised its holdings in Green Dot by 1.4% in the second quarter. Comerica Bank now owns 63,588 shares of the financial services provider’s stock worth $5,035,000 after buying an additional 893 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

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About Green Dot (NYSE:GDOT)

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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