NEWTEK Business Services Corp (NEWT) : Capula Management Ltd has sold out all of its stake in NEWTEK Business Services Corp during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 55 shares of NEWTEK Business Services Corp which is valued at $707.
Other Hedge Funds, Including , Catalyst Capital Advisors sold out all of its stake in NEWT during the most recent quarter. The investment firm sold 52,500 shares of NEWT which is valued $675,150. Rmb Capital Management sold out all of its stake in NEWT during the most recent quarter. The investment firm sold 16,940 shares of NEWT which is valued $217,848.Numeric Investors reduced its stake in NEWT by selling 1,035 shares or 4.67% in the most recent quarter. The Hedge Fund company now holds 21,114 shares of NEWT which is valued at $273,426. Campbell Co Investment Adviser added NEWT to its portfolio by purchasing 10,520 company shares during the most recent quarter which is valued at $136,234. NEWTEK Business Services Corp makes up approx 0.50% of Campbell Co Investment Adviser’s portfolio.
NEWTEK Business Services Corp opened for trading at $12.85 and hit $13.07 on the upside on Monday, eventually ending the session at $12.96, with a gain of 0.78% or 0.1 points. The heightened volatility saw the trading volume jump to 52,659 shares. Company has a market cap of $188 M.
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.