NEWTEK Business Services Corp (NEWT) is Downgraded by Keefe Bruyette to Mkt Perform

NEWTEK Business Services Corp (NEWT) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

NEWTEK Business Services Corp closed down -0.03 points or -0.19% at $15.71 with 36,972 shares getting traded on Friday. Post opening the session at $15.77, the shares hit an intraday low of $15.59 and an intraday high of $15.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Nov 16, 2016, NEWTEK Business Services Corp announced a cash dividend of $0.4000. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Dec 30, 2016.

In a different news, on Nov 9, 2016, Barry Sloane (CEO) purchased 1,000 shares at $14.31 per share price. According to the SEC, on Sep 22, 2016, Nilesh Joshi (Chief Information Officer) purchased 800 shares at $13.82 per share price. On Mar 23, 2016, Sam Kirschner (director) purchased 1,000 shares at $11.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Newtek Business Services Corp. is an internally managed closed-end non-diversified management investment company. The Company is focused on developing and marketing business and financial products and services aimed at the small- and medium-sized business (SMB) market and on developing a recognized brand for independent business owners. The Company’s brand The Small Business Authority is a national lender and owns and controls certain controlled portfolio companies that provide business and financial products to the SMB market.

NEWTEK Business Services Corp

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