Newtek Business Services, CEO Barry Sloane Acquires 2,000 Shares (NEWT)
Newtek Business Services, (NASDAQ:NEWT) CEO Barry Sloane purchased 2,000 shares of Newtek Business Services, stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $2.53 per share, for a total transaction of $5,060.00. Following the acquisition, the chief executive officer now directly owns 4,746,664 shares in the company, valued at approximately $12,009,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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.
Shares of Newtek Business Services, (NASDAQ:NEWT) traded up 1.41% during mid-day trading on Thursday, hitting $2.88. 30,666 shares of the company’s stock traded hands. Newtek Business Services, has a one year low of $2.26 and a one year high of $3.43. The stock’s 50-day moving average is $2.56 and its 200-day moving average is $2.71. The company has a market cap of $108.8 million and a price-to-earnings ratio of 15.78.
Newtek Business Services, (NASDAQ:NEWT) last released its earnings data on Thursday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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.
Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.
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