Newtek Business Services, Director Acquires $7,890 in Stock (NEWT)
Newtek Business Services, (NASDAQ:NEWT) Director Sam Kirschner purchased 3,000 shares of Newtek Business Services, stock on the open market in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $2.63 per share, for a total transaction of $7,890.00. Following the purchase, the director now directly owns 92,303 shares in the company, valued at approximately $242,757. The acquisition was disclosed in a document filed with the SEC, which can be accessed through 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.
Newtek Business Services, (NASDAQ:NEWT) traded up 0.36% during mid-day trading on Thursday, hitting $2.75. The stock had a trading volume of 58,925 shares. Newtek Business Services, has a 1-year low of $2.26 and a 1-year high of $3.43. The stock’s 50-day moving average is $2.56 and its 200-day moving average is $2.70. The company has a market cap of $103.9 million and a price-to-earnings ratio of 15.22.
Newtek Business Services, (NASDAQ:NEWT) last released its earnings data on Thursday, August 14th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Newtek Business Services, will post $0.25 EPS for the current fiscal year.
Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.
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