Yahoo Finance Insider Buys Additional US$68k In NewtekOne Stock
Whilst it may not be a huge deal, we thought it was good to see that the NewtekOne, Inc. (NASDAQ:NEWT) President, Barry Sloane, recently bought US$68k worth of stock, for US$12.99 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
Check out our latest analysis for NewtekOne
The Last 12 Months Of Insider Transactions At NewtekOne
The Independent Director Fernando Perez-Hickman made the biggest insider purchase in the last 12 months. That single transaction was for US$497k worth of shares at a price of US$12.28 each. That means that an insider was happy to buy shares at around the current price of US$13.22. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for NewtekOne share holders is that insiders were buying at near the current price.
While NewtekOne insiders bought shares during the last year, they didn't sell. They paid about US$14.28 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
NewtekOne is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of NewtekOne
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 6.1% of NewtekOne shares, worth about US$20m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About NewtekOne Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest NewtekOne insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, NewtekOne has 4 warning signs (and 2 which are concerning) we think you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
