Newtek Business (NEWT) Receives a Hold from Raymond James


Raymond James analyst Robert Dodd maintained a Hold rating on Newtek Business (NEWT) yesterday. The company’s shares closed last Wednesday at $16.85.

According to TipRanks.com, Dodd is a 4-star analyst with an average return of 4.8% and a 66.8% success rate. Dodd covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, Investcorp Credit Management BDC, and Sixth Street Specialty Lending.

The word on The Street in general, suggests a Hold analyst consensus rating for Newtek Business.

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Newtek Business’ market cap is currently $356.9M and has a P/E ratio of 8.10. The company has a Price to Book ratio of 1.08.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NEWT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. Its products and services include business lending, electronic payment processing, managed technology solutions (cloud computing), technology consulting, ecommerce, accounts receivable, inventory financing, personal and commercial lines insurance services, web services, data backup, storage and retrieval, and payroll and benefits solutions to small-and-medium sized businesses (SMB) accounts nationwide across all industries. The company was founded by Barry Sloane in 1998 and is headquartered in New York, NY.

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