Insider Buying: Newtek Business Services, Director Buys 3,000 Shares of Stock (NEWT)
Newtek Business Services, (NASDAQ:NEWT) Director Sam Kirschner acquired 3,000 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of $2.63 per share, for a total transaction of $7,890.00. Following the completion of the purchase, the director now directly owns 92,303 shares of the company’s stock, valued at approximately $242,757. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Newtek Business Services, (NASDAQ:NEWT) traded down 0.44% during mid-day trading on Friday, hitting $2.713. The stock had a trading volume of 27,874 shares. Newtek Business Services, has a 1-year low of $2.26 and a 1-year high of $3.43. The stock has a 50-day moving average of $2.5 and a 200-day moving average of $2.70. The company has a market cap of $102.5 million and a price-to-earnings ratio of 15.14.
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.
Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.
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