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Newtek Business Services, (NASDAQ:NEWT) Director Sam Kirschner acquired 1,000 shares of Newtek Business Services, stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $2.72 per share, with a total value of $2,720.00. Following the completion of the purchase, the director now directly owns 88,303 shares in the company, valued at approximately $240,184. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Newtek Business Services, (NASDAQ:NEWT) traded up 9.23% during mid-day trading on Wednesday, hitting $2.84. 150,984 shares of the company’s stock traded hands. Newtek Business Services, has a 52 week low of $2.26 and a 52 week high of $3.43. The stock’s 50-day moving average is $2.55 and its 200-day moving average is $2.71. The company has a market cap of $107.3 million and a P/E ratio of 14.44.

Newtek Business Services, (NASDAQ:NEWT) last announced its earnings results on Thursday, August 14th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $41.27 million for the quarter, compared to the consensus estimate of $38.13 million. On average, analysts predict that Newtek Business Services, will post $0.25 earnings per share for the current fiscal year.

Separately, analysts at Singular Research cut their price target on shares of Newtek Business Services, from $4.85 to $4.50 in a research note on Friday, June 6th. They now have a “buy” rating on the stock.

Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.

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