Is there a Bearish outlook for Newtek Business Services Corp. (NASDAQ:NEWT) this week?

March 14, 2018 - By Hazel Jackson

 Is there a Bearish outlook for Newtek Business Services Corp. (NASDAQ:NEWT) this week?
Investors sentiment decreased to 1 in 2017 Q3. Its down 0.41, from 1.41 in 2017Q2. It dropped, as 10 investors sold Newtek Business Services Corp. shares while 14 reduced holdings. 7 funds opened positions while 17 raised stakes. 3.31 million shares or 4.51% less from 3.47 million shares in 2017Q2 were reported.
Advisors Asset Mngmt Incorporated reported 183,660 shares. C M Bidwell & Associates Limited reported 8,615 shares or 0.24% of all its holdings. Royal National Bank Of Canada has 455 shares for 0% of their portfolio. Opus Cap Limited Liability owns 179,732 shares. Lpl Fincl Limited Liability Company reported 11,887 shares stake. Next Gru invested in 100 shares. Jpmorgan Chase holds 0% or 3,865 shares. California Employees Retirement Sys holds 0% or 53,644 shares in its portfolio. Public Employees Retirement Of Ohio holds 106,300 shares or 0.01% of its portfolio. Hutchin Hill Cap Limited Partnership reported 0.01% in Newtek Business Services Corp. (NASDAQ:NEWT). West Family accumulated 0.46% or 214,261 shares. Asset holds 0.16% or 14,368 shares. The United Kingdom-based Barclays Public Limited Com has invested 0% in Newtek Business Services Corp. (NASDAQ:NEWT). Stifel reported 47,302 shares. D E Shaw And has 0% invested in Newtek Business Services Corp. (NASDAQ:NEWT).

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

Among 5 analysts covering Newtech (NASDAQ:NEWT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Newtech had 14 analyst reports since August 3, 2015 according to SRatingsIntel. Keefe Bruyette & Woods initiated Newtek Business Services Corp. (NASDAQ:NEWT) rating on Thursday, December 10. Keefe Bruyette & Woods has “Outperform” rating and $16 target. As per Monday, August 3, the company rating was maintained by Singular Research. The firm earned “Mkt Perform” rating on Tuesday, November 29 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Newtek Business Services Corp. (NASDAQ:NEWT) on Friday, October 13 with “Hold” rating. As per Thursday, October 22, the company rating was initiated by Raymond James. The stock of Newtek Business Services Corp. (NASDAQ:NEWT) earned “Buy” rating by DA Davidson on Thursday, June 16. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, May 30. The rating was upgraded by Raymond James to “Outperform” on Tuesday, November 10. Compass Point upgraded the stock to “Buy” rating in Friday, May 5 report. The rating was maintained by Raymond James on Monday, August 15 with “Outperform”. Below is a list of Newtek Business Services Corp. (NASDAQ:NEWT) latest ratings and price target changes.

06/03/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $19.0 Maintain
12/12/2017 Broker: Raymond James Rating: Buy New Target: $20.0
13/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $18.0 Maintain

The stock increased 0.24% or $0.0448 during the last trading session, reaching $18.8748. About 53,315 shares traded. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 37.63% since March 14, 2017 and is uptrending. It has outperformed by 20.93% 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 $339.83 million. The firm also seeks to invest in early stage businesses. It has a 11.43 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: which released: “Newtek Business Services Corp.: Yielding 10% And Not Afraid To Get Its Hands Dirty” on September 19, 2017, also with their article: “Newtek Business Services Corp. Reports Second Quarter 2017 Financial Results” published on August 02, 2017, published: “Newtek Business Services Corp. Assigned “A-” Rating from Egan-Jones” on November 09, 2017. More interesting news about Newtek Business Services Corp. (NASDAQ:NEWT) were released by: and their article: “Newtek Business Services Corp. To Present at the 10th Annual LD Micro Main …” published on November 22, 2017 as well as‘s news article titled: “Newtek Business Services Corp. Reports Full Year 2017 Financial Results” with publication date: March 05, 2018.

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