Newtek Business Services Corp (NASDAQ:NEWT) dividends of $0.42 are projected for the near future; this is why.

June 13, 2018 - By Tina Thibodeau

Newtek Business Services Corp. (NASDAQ:NEWT) LogoInvestors sentiment increased to 1.32 in Q1 2018. Its up 0.17, from 1.15 in 2017Q4. It improved, as 6 investors sold Newtek Business Services Corp. shares while 13 reduced holdings. 13 funds opened positions while 12 raised stakes. 3.48 million shares or 1.21% less from 3.52 million shares in 2017Q4 were reported.
Cambridge Research Advisors has invested 0% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). Private Advisor Group Lc invested 0.02% in Newtek Business Services Corp. (NASDAQ:NEWT). Tower Research Cap Limited Liability (Trc) owns 0.01% invested in Newtek Business Services Corp. (NASDAQ:NEWT) for 5,809 shares. Bard Associate, Illinois-based fund reported 171,947 shares. Van Eck holds 0.01% in Newtek Business Services Corp. (NASDAQ:NEWT) or 128,203 shares. Virtu Fincl Ltd owns 13,839 shares. Axa, France-based fund reported 24,600 shares. Stifel Fincl holds 54,435 shares. Guggenheim Cap Ltd stated it has 0% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). Mckinley Capital Mngmt Ltd Co Delaware reported 0.15% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). Jpmorgan Chase And owns 3,865 shares or 0% of their US portfolio. California Employees Retirement Sys stated it has 53,644 shares or 0% of all its holdings. 52,843 were accumulated by Advisory Rech Inc. Morgan Stanley owns 0% invested in Newtek Business Services Corp. (NASDAQ:NEWT) for 89,944 shares. 2,000 are owned by Stratos Wealth Partners.

Newtek Business Services Corp (NASDAQ:NEWT) is expected to pay $0.42 on Jun 29, 2018. Shareholders owning the stock before Jun 14, 2018 will be eligible to receive the payout. Based on Newtek Business Services Corp’s current price of $19.93, the dividend is 2.11 %. This dividend’s record date is Jun 15, 2018 and the announcement date is May 11, 2018. The stock decreased 1.34% or $0.27 during the last trading session, reaching $19.93. About 45,999 shares traded. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 14.46% since June 13, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

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 $372.03 million. The firm also seeks to invest in early stage businesses. It has a 8.64 P/E ratio. The firm seeks to makes both debt and equity investments.

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

Among 2 analysts covering Newtek Business (NASDAQ:NEWT), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Newtek Business had 2 analyst reports since March 6, 2018 according to SRatingsIntel. On Tuesday, June 5 the stock rating was downgraded by Raymond James to “Market Perform”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, March 6.

More notable recent Newtek Business Services Corp. (NASDAQ:NEWT) news were published by: Nasdaq.com which released: “Newtek Small Business Finance, LLC Receives Reduction in Interest Rate for $100.0 Million Capital One Revolving …” on June 04, 2018, also Benzinga.com with their article: “45 Biggest Movers From Yesterday” published on June 06, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For June 5, 2018” on June 05, 2018. More interesting news about Newtek Business Services Corp. (NASDAQ:NEWT) were released by: Nasdaq.com and their article: “Report: Exploring Fundamental Drivers Behind Allegiant Travel, Hurco Companies, Newtek Business Services …” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “Main Street Capital’s NAV, Valuation, And Dividend Compared To 13 BDC Peers (Post Q1 2018 Earnings) – Part 1” with publication date: May 24, 2018.

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