Newtek Business Services Inc (NASDAQ:NEWT) Institutional Investor Positioning Change

June 22, 2018 - By Vivian Currie

Newtek Business Services Corp. (NASDAQ:NEWT) Logo

Sentiment for Newtek Business Services Inc (NASDAQ:NEWT)

Newtek Business Services Inc (NASDAQ:NEWT) institutional sentiment increased to 1.32 in 2018 Q1. Its up 0.17, from 1.15 in 2017Q4. The ratio improved, as 25 institutional investors increased or started new holdings, while 19 cut down and sold positions in Newtek Business Services Inc. The institutional investors in our partner’s database now own: 3.48 million shares, down from 3.52 million shares in 2017Q4. Also, the number of institutional investors holding Newtek Business Services Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 6 Reduced: 13 Increased: 12 New Position: 13.

Newtek Business Services Corp. is a business development firm specializing in providing financial and business services to the small-and medium-sized business market in the United States. The company has market cap of $359.85 million. The firm also seeks to invest in early stage businesses. It has a 8.32 P/E ratio. The firm seeks to makes both debt and equity investments.

The stock decreased 0.98% or $0.19 during the last trading session, reaching $19.2. About 40,059 shares traded. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 14.46% since June 22, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Analysts await Newtek Business Services Corp. (NASDAQ:NEWT) to report earnings on August, 1. They expect $0.37 EPS, down 9.76 % or $0.04 from last year’s $0.41 per share. NEWT’s profit will be $6.93 million for 12.97 P/E if the $0.37 EPS becomes a reality. After $0.44 actual EPS reported by Newtek Business Services Corp. for the previous quarter, Wall Street now forecasts -15.91 % negative EPS growth.

Bard Associates Inc holds 1.55% of its portfolio in Newtek Business Services Corp. for 171,947 shares. Opus Capital Group Llc owns 120,105 shares or 0.55% of their US portfolio. Moreover, American Asset Management Inc. has 0.23% invested in the company for 14,677 shares. The Unknown-based Mckinley Capital Management Llc Delaware has invested 0.15% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 389,340 shares.

Newtek Business Services Corp. (NASDAQ:NEWT) Ratings Coverage

Ratings analysis reveals 0 of Newtek Business’s analysts are positive. Out of 2 Wall Street analysts rating Newtek Business, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. NEWT was included in 2 notes of analysts from March 6, 2018. The stock has “Market Perform” rating by Raymond James on Tuesday, June 5. As per Tuesday, March 6, the company rating was maintained by Keefe Bruyette & Woods.

More recent Newtek Business Services Corp. (NASDAQ:NEWT) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Allegiant Travel, Hurco Companies, Newtek Business Services …” on May 25, 2018. Also Seekingalpha.com published the news titled: “Main Street Capital’s NAV, Valuation, And Dividend Compared To 13 BDC Peers (Post Q1 2018 Earnings) – Part 1” on May 24, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 5, 2018” with publication date: June 05, 2018 was also an interesting one.

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