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Summary Inflation and (expected) actions by the Federal Reserve continue to dominate market movements. Markets remain very volatile following record inflation readings paired with an aggressive Fed and negative consumer sentiment. US inflation is softening in July but continues to...
BOCA RATON, Fla., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. , (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced today that Newtek Small Business Finance, LLC (“NSBF”) had record fundings of SBA 7(a) l...
BOCA RATON, Fla., Sept. 29, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. , (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced it has selected the Apiture Digital Banking Platform to support the digital capabilities of Newtek Ba...
Summary NEWT is currently trading near its 52 week low of $15.7 after falling almost 27% in the last month. Newtek might look like a bargain to some investors, but we believe it remains overvalued. Newtek has an exceptionally high forward yield of over 16%, but the high yield ...
BOCA RATON, Fla., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp ., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will host an investor conference call on Thursday, September 29, 2022 at 8:30 am ET. Ba...
BOCA RATON, Fla., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. , (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced today it is forecasting a fourth quarter 2022 cash distribution of $0.70 per share. 1 In anticipa...
Summary The market hated the idea of losing its high-yield BDC to a bank holding setup. We called for a valuation compression and got the number we were looking for. Newtek appears cheap on forward metrics but there are many unknowns to deal with. Having a strong sharehold...
BOCA RATON, Fla., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp . (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today its future rebranding strategy in anticipation of the acquisition of the National Bank of New Yo...
Summary Part 1 of this article compares ARCC’s recent quarterly change in NAV, quarterly and trailing 24-month economic return, NII, and current valuation to 14 BDC peers. Part 1 also performs a comparative analysis between each company’s investment portfolio as of 3...
Summary Inflation and (expected) actions by the Federal Reserve continue to dominate market movements. Markets remain very volatile following record inflation readings paired with an aggressive Fed and negative consumer sentiment. US inflation is softening in July but continues to...
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BOCA RATON, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that its joint venture, Newtek-TSO II Conventional Credit Partners, LP (“Newtek-TSO”), has closed a securitization backed by alternative business loa...
2024-07-23 10:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-08 09:00:23 ET Newtek Business Services Corp (NEWT) declaring a stock dividend of $0.19 per share on Ex-Date : July 09, 2024. Shareholders on record as of July 09, 2024 are eligible for the dividend. The payment date is scheduled for July 19, 2024, and the declaration was of...