Insider Buying: Salvatore Francis Mulia Buys 9,800 Shares of Newtek Business Services, Stock (NEWT)
Newtek Business Services, (NASDAQ:NEWT) Director Salvatore Francis Mulia acquired 9,800 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $2.78 per share, with a total value of $27,244.00. Following the transaction, the director now directly owns 109,977 shares of the company’s stock, valued at approximately $305,736. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Newtek Business Services, (NASDAQ:NEWT) remained flat at $2.71 during during mid-day trading trading on Thursday. The stock had a trading volume of 69,022 shares. Newtek Business Services, has a 52-week low of $2.03 and a 52-week high of $3.43. The stock’s 50-day moving average is $2.71 and its 200-day moving average is $2.86. The company has a market cap of $100.2 million and a P/E ratio of 13.55.
Newtek Business Services, (NASDAQ:NEWT) last announced its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.04. The company had revenue of $36.10 million for the quarter, compared to the consensus estimate of $37.59 million. On average, analysts predict that Newtek Business Services, will post $0.26 earnings per share for the current fiscal year.
Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.
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