Insider Selling: David K. Mckown Sells 9,498 Shares of Newcastle Investment Corp. Stock (NCT)
Newcastle Investment Corp. (NYSE:NCT) Director David K. Mckown unloaded 9,498 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $13.45, for a total value of $127,748.10. Following the transaction, the director now directly owns 9,713 shares in the company, valued at approximately $130,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Newcastle Investment Corp. (NYSE:NCT) traded up 0.30% during mid-day trading on Tuesday, hitting $13.59. 1,516,972 shares of the company’s stock traded hands. Newcastle Investment Corp. has a 52-week low of $12.99 and a 52-week high of $15.42. The stock has a 50-day moving average of $13.6 and a 200-day moving average of $14.01. The company has a market cap of $1.593 billion and a price-to-earnings ratio of 16.54.
Newcastle Investment Corp. (NYSE:NCT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.01. The company had revenue of $29.90 million for the quarter, compared to the consensus estimate of $47.32 million. During the same quarter last year, the company posted $0.16 earnings per share. Newcastle Investment Corp.’s revenue was down 52.4% compared to the same quarter last year.
Newcastle Investment Corp. (NYSE:NCT) is a real estate investment and finance company.
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