How Analysts Rated Newtek Business Services Corp. (NASDAQ:NEWT) Last Week?

June 17, 2018 - By Marie Mckinney

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.
Millennium Management Limited Com stated it has 12,036 shares. Axa holds 0% in Newtek Business Services Corp. (NASDAQ:NEWT) or 24,600 shares. National Bank & Trust Of America De reported 65,006 shares. Barclays Pcl reported 18 shares. Bard Inc holds 1.55% or 171,947 shares in its portfolio. 120,105 are held by Opus Gru Ltd Liability Corporation. Raymond James & reported 53,159 shares. Employees Retirement Systems Of Ohio has 95,192 shares for 0.01% of their portfolio. California Pub Employees Retirement System invested in 53,644 shares or 0% of the stock. Private Advisor Grp Inc accumulated 28,850 shares. Bluecrest Capital Mngmt Ltd holds 0.01% or 12,608 shares. Crow Point Prtnrs Ltd Liability Com holds 30,000 shares. Sumitomo Mitsui Asset Mgmt Ltd has 0.01% invested in Newtek Business Services Corp. (NASDAQ:NEWT) for 50,283 shares. Mckinley Cap Mgmt Ltd Limited Liability Company Delaware has invested 0.15% in Newtek Business Services Corp. (NASDAQ:NEWT). Goldman Sachs reported 0% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT).

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. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, June 5. The rating was maintained by Keefe Bruyette & Woods on Tuesday, March 6 with “Hold”. Below is a list of Newtek Business Services Corp. (NASDAQ:NEWT) latest ratings and price target changes.

05/06/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Old Target: $15 Downgrade
06/03/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $19.0 Maintain

The stock decreased 1.44% or $0.28 during the last trading session, reaching $19.1. About 159,030 shares traded or 63.03% up from the average. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 14.46% since June 17, 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 $356.53 million. The firm also seeks to invest in early stage businesses. It has a 8.28 P/E ratio. The firm seeks to makes both debt and equity investments.

More notable recent Newtek Business Services Corp. (NASDAQ:NEWT) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 5, 2018” on June 05, 2018, also Benzinga.com with their article: “35 Stocks Moving In Tuesday’s Mid-Day Session” published on June 05, 2018, Benzinga.com published: “45 Biggest Movers From Yesterday” on June 06, 2018. More interesting news about Newtek Business Services Corp. (NASDAQ:NEWT) were released by: Seekingalpha.com and their article: “Main Street Capital’s NAV, Valuation, And Dividend Compared To 13 BDC Peers (Post Q1 2018 Earnings) – Part 1” published on May 24, 2018 as well as Nasdaq.com‘s news article titled: “Newtek Small Business Finance, LLC Receives Reduction in Interest Rate for $100.0 Million Capital One Revolving …” with publication date: June 04, 2018.

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