NASDAQ:NEWT - NEWTEK Business Services Stock Price, News & Analysis

$23.23
-0.01 (-0.04 %)
(As of 09/16/2019 10:53 AM ET)
Today's Range
$23.05
Now: $23.23
$23.2999
50-Day Range
$20.25
MA: $21.94
$23.08
52-Week Range
$15.59
Now: $23.23
$23.83
Volume29,903 shs
Average Volume122,959 shs
Market Capitalization$445.09 million
P/E Ratio11.97
Dividend Yield8.03%
Beta1.23
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. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:NEWT
CUSIPN/A
Phone212-356-9500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$49.51 million
Cash Flow$2.0218 per share
Book Value$15.21 per share

Profitability

Net Income$35.68 million

Miscellaneous

Employees175
Market Cap$445.09 million
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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NEWTEK Business Services (NASDAQ:NEWT) Frequently Asked Questions

What is NEWTEK Business Services' stock symbol?

NEWTEK Business Services trades on the NASDAQ under the ticker symbol "NEWT."

How often does NEWTEK Business Services pay dividends? What is the dividend yield for NEWTEK Business Services?

NEWTEK Business Services announced a quarterly dividend on Wednesday, August 21st. Shareholders of record on Friday, September 20th will be paid a dividend of $0.58 per share on Monday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date is Thursday, September 19th. This is a positive change from NEWTEK Business Services's previous quarterly dividend of $0.46. View NEWTEK Business Services' Dividend History.

How were NEWTEK Business Services' earnings last quarter?

NEWTEK Business Services Corp (NASDAQ:NEWT) released its earnings results on Tuesday, August, 6th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.01. The business services provider had revenue of $14.15 million for the quarter, compared to analysts' expectations of $14.33 million. NEWTEK Business Services had a return on equity of 9.87% and a net margin of 68.61%. View NEWTEK Business Services' Earnings History.

When is NEWTEK Business Services' next earnings date?

NEWTEK Business Services is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for NEWTEK Business Services.

What price target have analysts set for NEWT?

3 Wall Street analysts have issued 1 year price objectives for NEWTEK Business Services' shares. Their forecasts range from $15.68 to $19.00. On average, they anticipate NEWTEK Business Services' share price to reach $17.8933 in the next year. This suggests that the stock has a possible downside of 23.2%. View Analyst Price Targets for NEWTEK Business Services.

What is the consensus analysts' recommendation for NEWTEK Business Services?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NEWTEK Business Services in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for NEWTEK Business Services.

Has NEWTEK Business Services been receiving favorable news coverage?

News articles about NEWT stock have trended somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. NEWTEK Business Services earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for NEWTEK Business Services.

Who are some of NEWTEK Business Services' key competitors?

What other stocks do shareholders of NEWTEK Business Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NEWTEK Business Services investors own include Ares Capital (ARCC), Energy Transfer LP Unit (ET), New Residential Investment (NRZ), AT&T (T), Hercules Capital (HTGC), Prospect Capital (PSEC), Triplepoint Venture Growth BDC (TPVG), Monroe Capital (MRCC), Oxford Lane Capital (OXLC) and Ladder Capital (LADR).

Who are NEWTEK Business Services' key executives?

NEWTEK Business Services' management team includes the folowing people:
  • Mr. Barry Scott Sloane, Chairman, Pres & CEO (Age 59)
  • Ms. Jennifer Catherine Eddelson CPA, Exec. VP & Chief Accounting Officer (Age 46)
  • Mr. Michael Adam Schwartz, Chief Legal Officer, Chief Compliance Officer & Sec. (Age 58)
  • Mr. Peter Mathison Downs, Chief Lending Officer & Director (Age 54)
  • Ms. Jayne L. Cavuoto-Krafchik, Director of Investor Relations

Who are NEWTEK Business Services' major shareholders?

NEWTEK Business Services' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include UBS Group AG (1.76%), LSV Asset Management (1.41%), Van ECK Associates Corp (0.89%), Bard Associates Inc. (0.82%), Private Advisor Group LLC (0.81%) and Mckinley Capital Management LLC Delaware (0.79%). Company insiders that own NEWTEK Business Services stock include Barry Sloane, Gregory L Zink, Peter Mathison Downs, Richard J Salute and Salvatore Francis Mulia. View Institutional Ownership Trends for NEWTEK Business Services.

Which institutional investors are selling NEWTEK Business Services stock?

NEWT stock was sold by a variety of institutional investors in the last quarter, including Opus Capital Group LLC, UBS Group AG, Morgan Stanley, Mckinley Capital Management LLC Delaware, Citadel Advisors LLC, Wiley BROS. Aintree Capital LLC, Nisa Investment Advisors LLC and LSV Asset Management. View Insider Buying and Selling for NEWTEK Business Services.

Which institutional investors are buying NEWTEK Business Services stock?

NEWT stock was acquired by a variety of institutional investors in the last quarter, including Intrinsic Edge Capital Management LLC, Private Advisor Group LLC, AE Wealth Management LLC, Van ECK Associates Corp, AXA, Envestnet Asset Management Inc., Eagle Global Advisors LLC and Aptus Capital Advisors LLC. Company insiders that have bought NEWTEK Business Services stock in the last two years include Barry Sloane, Gregory L Zink, Peter Mathison Downs, Richard J Salute and Salvatore Francis Mulia. View Insider Buying and Selling for NEWTEK Business Services.

How do I buy shares of NEWTEK Business Services?

Shares of NEWT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is NEWTEK Business Services' stock price today?

One share of NEWT stock can currently be purchased for approximately $23.2850.

How big of a company is NEWTEK Business Services?

NEWTEK Business Services has a market capitalization of $446.14 million and generates $49.51 million in revenue each year. The business services provider earns $35.68 million in net income (profit) each year or $1.94 on an earnings per share basis. NEWTEK Business Services employs 175 workers across the globe.View Additional Information About NEWTEK Business Services.

What is NEWTEK Business Services' official website?

The official website for NEWTEK Business Services is http://www.newtekone.com/.

How can I contact NEWTEK Business Services?

NEWTEK Business Services' mailing address is 1981 Marcus Avenue Suite 130, Lake Success NY, 11042. The business services provider can be reached via phone at 212-356-9500 or via email at [email protected]


MarketBeat Community Rating for NEWTEK Business Services (NASDAQ NEWT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  272 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  516
MarketBeat's community ratings are surveys of what our community members think about NEWTEK Business Services and other stocks. Vote "Outperform" if you believe NEWT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NEWT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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