Intrepid Capital Management Inc. Takes $2.37 Million Position in GreenSky Inc (NASDAQ:GSKY)

Intrepid Capital Management Inc. bought a new stake in shares of GreenSky Inc (NASDAQ:GSKY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 192,455 shares of the company’s stock, valued at approximately $2,365,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of GreenSky by 81.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,943 shares of the company’s stock valued at $25,000 after buying an additional 872 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in GreenSky by 16.8% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 14,600 shares of the company’s stock worth $189,000 after purchasing an additional 2,100 shares during the period. Verity Asset Management Inc. raised its position in GreenSky by 11.0% in the 2nd quarter. Verity Asset Management Inc. now owns 27,163 shares of the company’s stock worth $334,000 after purchasing an additional 2,692 shares during the period. Altshuler Shaham Ltd purchased a new stake in GreenSky in the 2nd quarter worth about $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in GreenSky in the 2nd quarter worth about $76,000. Hedge funds and other institutional investors own 40.86% of the company’s stock.

A number of analysts recently weighed in on GSKY shares. Sandler O’Neill lowered shares of GreenSky from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $7.00 in a research report on Tuesday, August 6th. SunTrust Banks set a $7.00 price objective on shares of GreenSky and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Citigroup lowered shares of GreenSky from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.50 to $7.50 in a research report on Wednesday, August 7th. Zacks Investment Research lowered shares of GreenSky from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Compass Point set a $7.00 price objective on shares of GreenSky and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.66.

Shares of NASDAQ:GSKY opened at $7.19 on Friday. The firm has a market cap of $1.27 billion, a PE ratio of 102.71, a price-to-earnings-growth ratio of 0.47 and a beta of 2.15. The firm’s 50 day simple moving average is $8.24 and its 200-day simple moving average is $11.60. GreenSky Inc has a one year low of $5.74 and a one year high of $20.65.

GreenSky (NASDAQ:GSKY) last issued its earnings results on Tuesday, August 6th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.31. The business had revenue of $138.70 million for the quarter, compared to analyst estimates of $140.76 million. GreenSky had a net margin of 7.28% and a negative return on equity of 93.12%. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, sell-side analysts expect that GreenSky Inc will post 0.57 EPS for the current fiscal year.

About GreenSky

GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.

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Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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