Newcastle Investment Corp. Director Sells $83,336 in Stock (NCT)
Newcastle Investment Corp. (NYSE:NCT) Director Stuart A. Mcfarland sold 6,173 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $13.50, for a total transaction of $83,335.50. Following the completion of the transaction, the director now directly owns 13,038 shares in the company, valued at approximately $176,013. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Newcastle Investment Corp. (NYSE:NCT) traded up 0.07% on Wednesday, hitting $13.60. 1,395,297 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 $1.594 billion and a price-to-earnings ratio of 16.59.
Newcastle Investment Corp. (NYSE:NCT) last released its earnings data on Thursday, August 7th. The company reported $0.09 earnings per share for the quarter, missing the analysts’ 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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