Newtek Business Services Inc (NASDAQ:NEWT): Negative Stock Sentiment

September 15, 2018 - By Robert Shackelford

Newtek Business Services Corp. (NASDAQ:NEWT) Logo

Sentiment for Newtek Business Services Inc (NASDAQ:NEWT)

Newtek Business Services Inc (NASDAQ:NEWT) institutional sentiment decreased to 0.96 in 2018 Q2. Its down -0.36, from 1.32 in 2018Q1. The ratio has worsened, as 23 hedge funds opened new and increased stock positions, while 24 decreased and sold positions in Newtek Business Services Inc. The hedge funds in our partner’s database now hold: 3.46 million shares, down from 3.48 million shares in 2018Q1. Also, the number of hedge funds holding Newtek Business Services Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 12 Increased: 15 New Position: 8.

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 $420.57 million. The firm also seeks to invest in early stage businesses. It has a 9.72 P/E ratio. The firm seeks to makes both debt and equity investments.

The stock decreased 0.84% or $0.19 during the last trading session, reaching $22.38. About 104,580 shares traded. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 31.57% since September 15, 2017 and is uptrending. It has outperformed by 15.95% the S&P500.

Analysts await Newtek Business Services Corp. (NASDAQ:NEWT) to report earnings on November, 7. They expect $0.47 EPS, up 771.43 % or $0.54 from last year’s $-0.07 per share. NEWT’s profit will be $8.83 million for 11.90 P/E if the $0.47 EPS becomes a reality. After $0.44 actual EPS reported by Newtek Business Services Corp. for the previous quarter, Wall Street now forecasts 6.82 % EPS growth.

Bard Associates Inc holds 1.56% of its portfolio in Newtek Business Services Corp. for 169,048 shares. Opus Capital Group Llc owns 119,931 shares or 0.58% of their US portfolio. Moreover, Mckinley Capital Management Llc Delaware has 0.2% invested in the company for 156,019 shares. The Florida-based American Asset Management Inc. has invested 0.19% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 440,964 shares.

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

Ratings analysis reveals 0 of Newtek Business Services’s analysts are positive. Out of 2 Wall Street analysts rating Newtek Business Services, 0 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. NEWT was included in 3 notes of analysts from June 5, 2018. The stock has “Market Perform” rating by Raymond James on Tuesday, June 5. Raymond James downgraded the shares of NEWT in report on Tuesday, August 28 to “Underperform” rating.

More news for Newtek Business Services Corp. (NASDAQ:NEWT) were recently published by: Seekingalpha.com, which released: “Newtek Business declares $0.48 dividend” on August 23, 2018. Nasdaq.com‘s article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Newtek Business Services, Icahn Enterprises …” and published on September 04, 2018 is yet another important article.

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