Newtek Business Services Corp. (NASDAQ:NEWT) shares traded -0.45% lower at $15.62 on Wall Street last session.
NEWT stock price is now -8.93% away from the 50-day moving average and -29.70% away from the 200-day moving average. The market capitalization of the company currently stands at $361.92M.
, while ‘Compass Point’ rates the stock as ‘Neutral’.
In other news, SLOANE BARRY, Chairman & CEO bought 4,200 shares of the company’s stock on May 18. The stock was bought for $101,636 at an average price of $24.20. Upon completion of the transaction, the Chairman & CEO now directly owns 988,016 shares in the company, valued at $15.43 million. Insiders disposed of 982 shares of company stock worth roughly $15338.839999999998 over the past 1 year. A total of 5.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NEWT stock. A new stake in Newtek Business Services Corp. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $2,534,000. NATIXIS invested $188,000 in shares of NEWT during the first quarter. In the first quarter, KINLOCH CAPITAL, LLC acquired a new stake in Newtek Business Services Corp. valued at approximately $187,000. AMERIPRISE FINANCIAL INC acquired a new stake in NEWT for approximately $159,000. SUMMITRY LLC purchased a new stake in NEWT valued at around $156,000 in the second quarter.
Newtek Business Services Corp. (NASDAQ: NEWT) opened at $15.85 on Tuesday. During the past 12 months, Newtek Business Services Corp. has had a low of $14.75 and a high of $31.49.
The net profit margin was 41.20% and return on equity was 15.30% for NEWT. The company reported revenue of $23.58 million for the quarter, compared to $12.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 90.04 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/30/2022. Investors who held shares on 09/20/2022 were paid a $0.65 dividend. On an annualized basis, this represents a $2.60 dividend and a 16.65% percent yield. There was an ex-dividend date of 09/19/2022 for this dividend. In terms of dividend payout ratio, NEWT is presently at 132.00%.