Newtek Business Services Corp. (NEWT) Files Form 4 Insider Buying : Nilesh Joshi Buys 800 Shares

Newtek Business Services Corp. (NEWT): Nilesh Joshi , Chief Information Officer of Newtek Business Services Corp. purchased 800 shares on Sep 20, 2016. The Insider buying transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.82 per share for a total value of $11,056.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, Sam Kirschner (director) purchased 1,000 shares at $11.95 per share price.On Mar 14, 2016, Barry Sloane (CEO) purchased 1,000 shares at $12.94 per share price.Also, On Mar 14, 2016, Richard J Salute (director) purchased 2,026 shares at $12.34 per share price.On Mar 11, 2016, Michael Adam Schwartz (Chief Legal&Compliance Officer) purchased 200 shares at $12.35 per share price.

Shares of NEWTEK Business Services Corp (NEWT) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.22 points or -1.59% at $13.6 with 66,281 shares getting traded. Post opening the session at $13.82, the shares hit an intraday low of $13.56 and an intraday high of $13.94 and the price vacillated in this range throughout the day. The company has a market cap of $197 M and the number of outstanding shares has been calculated to be 1,44,91,323 shares. The 52-week high of NEWTEK Business Services Corp is $19.1799 and the 52-week low is $9.37.

NEWTEK Business Services Corp Money Flow Index Chart

Newtek Business Services Corp. is an internally managed closed-end non-diversified management investment company. The Company is focused on developing and marketing business and financial products and services aimed at the small- and medium-sized business (SMB) market and on developing a recognized brand for independent business owners. The Company’s brand The Small Business Authority is a national lender and owns and controls certain controlled portfolio companies that provide business and financial products to the SMB market.

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