Newtek Business Services Corp., Your Business Solutions Company®, is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ('SMB') market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses and reduce their risk.
Newtek's and its portfolio companies' products and services include: Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.
Newtek® and Your Business Solutions Company®, are registered trademarks of Newtek Business Services Corp.
Company profile
Ticker
NEWT, NEWTL, NEWTZ
Exchange
Website
CEO
Barry Sloane
Employees
Incorporated
Location
Fiscal year end
Former names
Newtek Business Services Corp.
SEC CIK
Corporate docs
Subsidiaries
CCC Real Estate Holdings, LLC • Exponential Business Development Co., Inc. • NBSH Holdings, LLC • Newtek Asset Backed Securities, LLC • Newtek Business Services Holdco 1, Inc. • Newtek Business Services Holdco 2, Inc. • Newtek Business Services Holdco 3, Inc. • Newtek Business Services Holdco 4, Inc. • Newtek Business Services Holdco 5, Inc. • Newtek Business Services Holdco 6, Inc. ...
NEWT stock data
Latest filings (excl ownership)
S-3
Shelf registration
27 Jan 23
8-K/A
Completion of Acquisition or Disposition of Assets
27 Jan 23
8-K
Amendments to Articles of Incorporation or Bylaws
24 Jan 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
24 Jan 23
8-K
Regulation FD Disclosure
17 Jan 23
8-K
Amendments to Articles of Incorporation or Bylaws
17 Jan 23
8-K
Entry into a Material Definitive Agreement
13 Jan 23
8-K
Completion of Acquisition or Disposition of Assets
6 Jan 23
8-K
Other Events
29 Dec 22
8-K
Regulation FD Disclosure
14 Dec 22
Transcripts
NEWT
Earnings call transcript
2022 Q2
4 Aug 22
NEWT
Earnings call transcript
2022 Q1
5 May 22
NEWT
Earnings call transcript
2021 Q4
24 Feb 22
NEWT
Earnings call transcript
2021 Q3
9 Nov 21
NEWT
Earnings call transcript
2021 Q2
11 Aug 21
NEWT
Earnings call transcript
2021 Q1
12 May 21
NEWT
Earnings call transcript
2020 Q4
23 Mar 21
NEWT
Earnings call transcript
2020 Q3
5 Nov 20
NEWT
Earnings call transcript
2020 Q2
7 Aug 20
NEWT
Earnings call transcript
2020 Q1
8 May 20
Latest ownership filings
5
Salvatore Francis Mulia
2 Feb 23
SC 13D
NewtekOne / NewtekOne ownership change
31 Jan 23
5
BARRY SLOANE
30 Jan 23
5
Peter Mathison Downs
27 Jan 23
5
NICOLAS YOUNG
24 Jan 23
5
Nicholas J Leger
23 Jan 23
5
RICHARD J SALUTE
23 Jan 23
5
Halli Razon-Feingold
18 Jan 23
5
Michael Adam Schwartz
18 Jan 23
5
FERNANDO PEREZ-HICKMAN
18 Jan 23
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 82.13 mm | 82.13 mm | 82.13 mm | 82.13 mm | 82.13 mm | |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 157.00 k | 39.25 k | |
| Cash used (since last report) | n/a | n/a | n/a | 648.31 k | 162.08 k | |
| Cash remaining | n/a | n/a | n/a | 81.48 mm | 81.97 mm | |
| Runway (months of cash) | n/a | n/a | n/a | 519.0 | 2088.4 | |
Institutional ownership, Q3 2022
14.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 68 |
| Opened positions | 8 |
| Closed positions | 21 |
| Increased positions | 18 |
| Reduced positions | 24 |
| 13F shares | Current |
|---|---|
| Total value | 678.13 mm |
| Total shares | 3.61 mm |
| Total puts | 64.70 k |
| Total calls | 68.60 k |
| Total put/call ratio | 0.9 |
| Largest owners | Shares | Value |
|---|---|---|
| IVZ Invesco | 681.96 k | $11.13 mm |
| Royce & Associates | 446.21 k | $7.28 mm |
| Van Eck Associates | 320.59 k | $5.23 mm |
| Marshall Wace | 267.55 k | $4.37 mm |
| Citadel Advisors | 162.20 k | $2.65 mm |
| Two Sigma Advisers | 152.20 k | $2.48 mm |
| Advisors Asset Management | 142.32 k | $2.32 mm |
| Bard Associates | 130.12 k | $2.12 mm |
| RMB Capital Management | 125.00 k | $2.04 mm |
| D.a. Davidson & Co. | 107.61 k | $1.76 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 Dec 22 | Fernando Perez-hickman | Common stock | Buy | Acquire P | No | No | 16.25 | 90 | 1.46 k | 2,170 |
| 30 Dec 22 | Michael Adam Schwartz | Common stock | Buy | Acquire P | No | No | 16.25 | 987 | 16.04 k | 40,336 |
| 30 Dec 22 | Halli Razon-Feingold | Common stock | Buy | Acquire P | No | No | 16.25 | 439 | 7.13 k | 17,645 |
| 30 Dec 22 | Salute Richard J | Common Stock | Buy | Acquire P | No | No | 16.25 | 90 | 1.46 k | 25,475 |
| 30 Dec 22 | Salute Richard J | Common Stock | Buy | Acquire P | No | No | 16.56 | 945 | 15.65 k | 25,475 |
| 30 Dec 22 | Nicholas J Leger | Common Stock | Buy | Acquire P | No | No | 16.54 | 15 | 248.10 | 17,493 |
| 30 Dec 22 | Nicholas J Leger | Common Stock | Buy | Acquire P | No | No | 16.25 | 638 | 10.37 k | 17,493 |
| 30 Sep 22 | Fernando Perez-hickman | Common stock | Buy | Acquire P | No | No | 16.32 | 80 | 1.31 k | 2,170 |
| 30 Sep 22 | Michael Adam Schwartz | Common stock | Buy | Acquire P | No | No | 16.32 | 878 | 14.33 k | 40,336 |
| 30 Sep 22 | Halli Razon-Feingold | Common stock | Buy | Acquire P | No | No | 16.32 | 391 | 6.38 k | 17,645 |
News
Keefe, Bruyette & Woods Maintains Market Perform on NewtekOne, Raises Price Target to $19
2 Feb 23
Newtek Receives Approval From The OCC To Acquire National Bank Of New York City
1 Dec 22
Pokemoto Partners With Newtek Business Services
22 Nov 22
Newtek Receives Approval From The Federal Reserve To Become A Bank Holding Company
21 Nov 22
Newtek Business Services Q3 EPS $0.62 Misses $0.68 Estimate
7 Nov 22
Press releases
NewtekOne Raises $50M in Private Note Offering
24 Jan 23
Newtek Business Services Corp. to Hold Investor Conference Call on Tuesday, January 17, 2023 at 8:30 am ET
6 Jan 23
Newtek Business Services Corp. Completes Acquisition of National Bank of New York City
6 Jan 23
Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, January 18, 2023 at 8:30 am ET to Discuss the Company's NewtekOne® Rebranding Strategy and the Relaunch and Redesign of the Corporate Website
6 Jan 23
Freedom Bank Partners with Newtek Insurance to Offer Clients a Full Range of Insurance Solutions
15 Dec 22