Newtek Business Services Corp. Stock News

Newtek Business Services (NEWT) Q4 net investment income of $0.07 per share increased from $0.04 in the year-ago quarter. The company''s stock was falling 1.0% in after-hours trading.In…

Newtek Business press release (NEWT): FY NII of $3.47 beats by $0.07.Total investment income of $108.9M (+18.1% Y/Y) beats by $13.31M.Net asset value (“NAV”) of $403.9 million,…

Achieves Record SBA 7(a) Loan Fundings of $198.0 Million in the Fourth Quarter and $560.6 Million for the Full Year 2021 Achieves Record SBA 7(a) Loan Fundings of $198.0 Million in the Fourth Quarter and $560.6 Million for the Full Year 2021

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Newtek was previously a little known BDC with an exceedingly loyal following. But as of August, management's plans to reposition the company as a bank sent many investors diving for cover.

Newtek Business (NASDAQ:NEWT) declares $0.65/share quarterly dividend.Forward yield 9.95%Payable March 31; for shareholders of record March 21; ex-div March 18.See NEWT Dividend Scorecard,…

Newtek Firing On All Cylinders

Newtek Business Services Corp. (NASDAQ:NEWT)s share price gapped down before the market opened on Friday . The stock had previously closed at $29.92, but opened at $28.46. Newtek Business Services shares last traded at $27.68, with a volume of 2,614 shares. Separately, Zacks Investment Research upgraded shares of Newtek Business Services from a hold rating []

BDC Newtek Business Services (NEWT) as announced a partial call on their 5.75% notes due 2024 (NEWTL). They will call $40,000,000 worth of the bonds (1.6 million shares). The company had previous noted the planned call but here is the official announcement. The call date is 12/29/2021. The post Newtek Business Services Calls Baby Bonds first appeared on Innovative Income Investor .

BOCA RATON, Fla., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Newtek Business Services Corp .(Newtek or the Company), (NASDAQ: NEWT), an internally managed business development company (BDC), today announced that the Company has caused notices to be issued to the holders of its 5.75% Notes due 2024 (CUSIP No. 652526 609; NASDAQ: NEWTL) (the Notes) regarding the Companys exercise of its option to redeem $40,000,000 of the issued and outstanding Notes ($78,250,000 in aggregate principal amount outstanding) on December 29, 2021 (the Redemption Date). The Notes will be redeemed at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon through, but excluding, the Redemption Date. A copy of the notice of redemption is attached to the Companys Current Report on Form 8-K as Exhibit 99.1 that was filed with the SEC on November 29, 2021, and can be accessed through the following link https://investor.newtekbusinessservices.com/node/16791/html .

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Newtek (NEWT) possesses solid growth attributes, which could help it handily outperform the market.