Notable Insider Trading: Newtek Business Services Corp. $NEWT

Newtek Business Services Corp. (NEWT) insider have most recently took part in a trading activity. On Jun 16, 2017 Mulia Salvatore Francis, Director bought 500 shares having total worth of $8,090 at the price of $16.18 per share, following the transaction a total of 65,663 shares owned by Mulia Salvatore Francis. Before this latest buy, Mulia Salvatore Francis purchased NEWT at 3 other times during the past twelve months, for a total investment of $34,683 at an average of $16.44 per share.

The stock has experienced a total of 10 insider trades in the past three months. These trades include 10 buy trades. Furthermore, over the past 12 months , the stock was traded 17 times by insiders. an employee of the company was the buyer in 17 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 10 0 5.67%
12 Month 17 0 19.8%

Shares of Newtek Business Services Corp. (NEWT) traded down 0.67% on Jun 16, 2017, hitting $16.4. 147,894 shares of the company’s stock traded hands. Newtek Business Services Corp. has a 52 week low of $9.41 and a 52 week high of $17.82. The company’s market cap is $202 million.

Newtek Business Services Corp. (NEWT) last announced its earnings results on May 4, 2017. The company reported 0.40 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.36 by $0.04. The company had revenue of $9 million for the quarter, compared to the consensus estimate of $8 million. During the same quarter in the previous year, the company posted 0.34 earnings per share. The company’s revenue for the quarter was up 32% on a year-over-year basis.

2017-05-04 2017-03-06 2016-11-02 2016-08-08 2016-05-04 2016-03-07 2015-11-03 2015-07-29 2015-03-26 2014-11-14
earnings per share 0.40 0.46 0.46 0.34 0.34 0.56 0.50 0.49 0.51 0.34
Revenue(M) 8.99 9.1 7.85 7.22 6.79 8.68 7.04 5.61 21.44 38.17

Newtek Business Services, Inc. was incorporated in 1998 in the State of New York. It is a holding company for several wholly and majority-owned subsidiaries, including thirteen certified capital companies which are referred to as Capcos, and several portfolio companies in which the Capcos own non-controlling or minority interests. It provides financial and business services to the small- and medium-sized business market. The Company’s six business segments are: Electronic payment processing, Managed technology solutions, Small business finance, All other, Corporate and Capcos. Electronic Payment Processing includes Marketing third party credit card processing and check approval services to the small- and medium-sized business market under the name of Newtek Merchant Solutions; In Managed Technology Solutions through its subsidiary- CrystalTech Web Hosting, Inc., d/b/a/ Newtek Technology Services (NTS), It offers shared and dedicated web hosting, data storage and backup services, cloud computing plan and related services to the small- and medium-sized business market; Small Business Finance comprised of Newtek Small Business Finance, Inc. a nationally licensed, SBA lender that originates, sells and services loans to qualifying small businesses, which are partially guaranteed by the SBA, and CDS Business Services, Inc. d/b/a Newtek Business Credit, which provides receivable financing and management services. Its Electronic payment processing segment competes with entities including Heartland Payment Systems, First National Bank of Omaha and Paymentech, L.P. Its Web hosting segment competes with 1&1, Hosting.com, Discount ASP, Maxum ASP, GoDaddy, Yahoo!, BlueHost, iPowerWeb and Microsoft Live among others. Its Small Business Finance segment competes with regional and national banks and non-bank lenders. Intuit is bundling electronic payment processing, web hosting and payroll services similar to its in offerings that compete in the same small- to midsize-business market. Newtek’s electronic payment processing, lending, insurance, and Capco operations are subject to regulation by federal, state and professional governing bodies.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.