Barry Sloane - Newtek Business President CEO, Director

1N31 Stock  EUR 12.20  0.12  0.99%   

CEO

Mr. Barry S Sloane is President, Chief Executive Officer, Director of the Company. He served as our Chairman and Chief Executive Officer since 1999 and as our President since 2008 since 2008.
Age 63
Tenure 16 years
Phone212 356 9500
Webhttps://www.newtekone.com
Sloane founded Newtek in 1998 and was an executive officer of each of the Companysponsored certified capital companies beginning in 1999. In addition, in April 2015 Mr. Sloane became engaged as a director with AK Capital LLC, a securities brokerage company. From September 1993 through July 1995, Mr. Sloane was a Managing Director of Smith Barney, Inc. While there, he directed the Commercial and Residential Real Estate Securitization Unit, and he was national sales manager for institutional mortgage and asset backed securities sales. From April 1991 through September 1993, Mr. Sloane was founder and President of Aegis Capital Markets, a consumer loan origination and securitization business which was eventually taken public with the name of “Aegis Consumer Funding.” From October 1988 through March 1991, Mr. Sloane was Senior Vice President of Donaldson, Lufkin and Jenrette, where he was responsible for directing sales of mortgagebacked securities. From August 1982 to September 1988, Mr

Barry Sloane Latest Insider Activity

Tracking and analyzing the buying and selling activities of Barry Sloane against Newtek Business stock is an integral part of due diligence when investing in Newtek Business. Barry Sloane insider activity provides valuable insight into whether Newtek Business is net buyers or sellers over its current business cycle. Note, Newtek Business insiders must abide by specific rules, including filing SEC forms every time they buy or sell Newtek Business'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Newtek Business Management Efficiency

The company has return on total asset (ROA) of 0.0148 % which means that it generated a profit of $0.0148 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.144 %, meaning that it generated $0.144 on every $100 dollars invested by stockholders. Newtek Business' management efficiency ratios could be used to measure how well Newtek Business manages its routine affairs as well as how well it operates its assets and liabilities.
Newtek Business Services has accumulated 363.48 M in total debt with debt to equity ratio (D/E) of 124.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Newtek Business Services has a current ratio of 1.58, which is within standard range for the sector. Debt can assist Newtek Business until it has trouble settling it off, either with new capital or with free cash flow. So, Newtek Business' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newtek Business Services sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newtek to invest in growth at high rates of return. When we think about Newtek Business' use of debt, we should always consider it together with cash and equity.

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Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. Newtek Business Services Corp., formerly known as Newtek Business Services Inc., was incorporated on August 26, 2013 and is headquartered in Lake Success, New York with additional offices in Garden City, New York Miami, Florida Milwaukee, Wisconsin New Orleans, Louisiana and New York, New York. NEWTEK BUSINE operates under Asset Management classification in Germany and is traded on Frankfurt Stock Exchange. It employs 175 people. Newtek Business Services (1N31) is traded on Frankfurt Exchange in Germany and employs 104 people.

Management Performance

Newtek Business Services Leadership Team

Elected by the shareholders, the Newtek Business' board of directors comprises two types of representatives: Newtek Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newtek. The board's role is to monitor Newtek Business' management team and ensure that shareholders' interests are well served. Newtek Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Newtek Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Schwartz, Chief Compliance Officer, Chief Legal Officer and Secretary
Nicholas Leger, Principal Officer
Peter Downs, Chief Lending Officer
Jayne CavuotoKrafchik, Director Relations
Brian Moon, Treasurer and Senior Vice President - Corporate Development
Barry Sloane, President CEO, Director
Halli RazonFeingold, Chief HR
Nicolas Young, Chief Officer
Albert Spada, Exec Lending
Timothy Ihlefeld, Ex Officer

Newtek Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Newtek Business a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Newtek Stock

When determining whether Newtek Business Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Newtek Business' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Newtek Business Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Newtek Business Services Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between Newtek Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newtek Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newtek Business' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.