NEWTEK Business Services Corp (NASDAQ:NEWT) Director Salvatore Francis Mulia sold 1,000 shares of NEWTEK Business Services stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $22.60, for a total transaction of $22,600.00. Following the completion of the transaction, the director now directly owns 67,456 shares in the company, valued at approximately $1,524,505.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Salvatore Francis Mulia also recently made the following trade(s):

  • On Thursday, March 21st, Salvatore Francis Mulia purchased 500 shares of NEWTEK Business Services stock. The stock was bought at an average cost of $19.24 per share, for a total transaction of $9,620.00.

NASDAQ NEWT traded down $0.53 during trading on Monday, hitting $22.07. 4,061 shares of the company’s stock were exchanged, compared to its average volume of 82,472. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $429.40 million, a P/E ratio of 11.38 and a beta of 1.30. NEWTEK Business Services Corp has a fifty-two week low of $15.59 and a fifty-two week high of $24.24. The firm’s 50 day moving average price is $22.03.

NEWTEK Business Services (NASDAQ:NEWT) last issued its earnings results on Wednesday, May 1st. The business services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $13.76 million during the quarter. NEWTEK Business Services had a return on equity of 8.99% and a net margin of 70.19%. On average, equities analysts predict that NEWTEK Business Services Corp will post 2.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.46 per share. This is an increase from NEWTEK Business Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.84 annualized dividend and a yield of 8.34%. NEWTEK Business Services’s payout ratio is presently 94.85%.

Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of NEWTEK Business Services from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Compass Point assumed coverage on shares of NEWTEK Business Services in a research report on Friday, March 8th. They set a “neutral” rating and a $19.00 price objective for the company. TheStreet cut shares of NEWTEK Business Services from a “b” rating to a “c+” rating in a research report on Monday, March 11th. Zacks Investment Research raised shares of NEWTEK Business Services from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, April 4th. Finally, ValuEngine raised shares of NEWTEK Business Services from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. NEWTEK Business Services has a consensus rating of “Buy” and a consensus price target of $19.17.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital Financial Planning LLC bought a new position in shares of NEWTEK Business Services in the 4th quarter worth $42,000. Marshall Wace North America L.P. purchased a new stake in NEWTEK Business Services in the first quarter worth about $67,000. Advisory Services Network LLC increased its position in NEWTEK Business Services by 250.3% in the fourth quarter. Advisory Services Network LLC now owns 10,530 shares of the business services provider’s stock worth $184,000 after buying an additional 7,524 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in NEWTEK Business Services by 8.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 10,712 shares of the business services provider’s stock worth $187,000 after buying an additional 797 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in NEWTEK Business Services in the fourth quarter worth about $320,000. 18.51% of the stock is owned by hedge funds and other institutional investors.

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NEWTEK Business Services Company Profile

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments.

See Also: Margin

Insider Buying and Selling by Quarter for NEWTEK Business Services (NASDAQ:NEWT)

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