Public Employees Retirement Association of Colorado lessened its holdings in Green Dot Co. (NYSE:GDOT) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,304 shares of the financial services provider’s stock after selling 1,222 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Green Dot were worth $597,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. acquired a new stake in shares of Green Dot in the 1st quarter worth about $456,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Green Dot in the 1st quarter worth about $1,252,000. Rhumbline Advisers raised its holdings in shares of Green Dot by 2.9% in the 1st quarter. Rhumbline Advisers now owns 107,340 shares of the financial services provider’s stock worth $6,887,000 after acquiring an additional 3,000 shares during the last quarter. Global X Management Co. LLC acquired a new stake in shares of Green Dot in the 1st quarter worth about $798,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Green Dot in the 4th quarter worth about $231,000. Institutional investors own 82.20% of the company’s stock.
In other news, insider Steven W. Streit sold 39,895 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $62.42, for a total transaction of $2,490,245.90. Following the completion of the transaction, the insider now directly owns 285,958 shares of the company’s stock, valued at approximately $17,849,498.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark L. Shifke sold 10,000 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $72.68, for a total transaction of $726,800.00. Following the transaction, the chief financial officer now directly owns 694,757 shares of the company’s stock, valued at $50,494,938.76. The disclosure for this sale can be found here. Insiders have sold a total of 420,144 shares of company stock valued at $27,019,303 over the last three months. Insiders own 11.00% of the company’s stock.
A number of equities research analysts recently weighed in on GDOT shares. Citigroup restated a “buy” rating on shares of Green Dot in a report on Monday, March 26th. William Blair reiterated an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. ValuEngine upgraded shares of Green Dot from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “sell” rating in a research note on Tuesday, April 24th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $72.00 price objective on shares of Green Dot in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $63.64.
Green Dot stock opened at $71.43 on Friday. Green Dot Co. has a twelve month low of $35.66 and a twelve month high of $74.23. The company has a market cap of $3.75 billion, a PE ratio of 35.59 and a beta of 0.76. 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 released its earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.11. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. The firm had revenue of $315.00 million during the quarter, compared to the consensus estimate of $297.25 million. During the same period in the prior year, the firm earned $1.00 EPS. The company’s revenue was up 24.5% compared to the same quarter last year. equities analysts expect that Green Dot Co. will post 2.35 EPS for the current fiscal year.
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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