On November 26, 2024, Barry Sloane, Chairman and Chief Executive Officer of Newtek Business Services Corp, purchased 3,000 shares of NewtekOne Inc (NEWT, Financial). Following this transaction, the insider now owns a total of 1,161,855 shares of the company. The transaction details can be found in the SEC Filing.
NewtekOne Inc is a financial services company that provides business solutions to small and medium-sized businesses. The company offers a range of services, including business lending, electronic payment processing, and technology solutions.
Over the past year, Barry Sloane has been active in the market, purchasing a total of 78,015 shares and selling none. This recent acquisition is part of a broader trend of insider buying within the company. In the past year, there have been 17 insider buys compared to 9 insider sells.
On the day of the recent purchase, shares of NewtekOne Inc were trading at $14.75, giving the company a market cap of $381.160 million. The stock's price-earnings ratio stands at 8.63, which is lower than the industry median of 10.7 and also below the company's historical median price-earnings ratio.
The GF Value of NewtekOne Inc is estimated at $27.46, resulting in a price-to-GF-Value ratio of 0.54. This indicates that the stock is significantly undervalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company's past returns and growth, along with future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
