newtek business services corp. has been in business since 1998, servicing over 100,000 business accounts in all 50 states. newtek aims to provide real-time, state-of-the-art content and business services in order to become the definitive destination for business owners across the united states. we are: a credible business partner with over $100 million of stockholders equity, over $160 million in revenues and over 100,000 business accounts we have operated as a publicly traded company for over eleven years, currently under sarbanes-oxley regulation all of our corporate data, as well as your company data, is stored in our military-strength facility in arizona, which is both sas-70 type ii and pci compliant we have fully transparent financial statements which can be found online in our investor relations section, http://investor.newtekbusinessservices.com. or at sec.gov we are the chosen counterparty for small growing entrepreneurial independent business owners across the united states.
Company profile
Ticker
NEWT, NEWTL, NEWTZ, NEWTI
Exchange
Website
CEO
Barry Sloane
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Newtek Business Services Corp.
SEC CIK
Corporate docs
Subsidiaries
CCC Real Estate Holdings, LLC • CDS Business Services, Inc. • Mobil Money, LLC • NBL SPV I, LLC • NBL SPV II, LLC • NBL SPV III, LLC • NBSH Holdings, LLC • Newtek Asset Backed Securities, LLC • Newtek Business Services Holdco 6, Inc. • Newtek Commercial Lending, Inc. ...
NEWT stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
19 Apr 24
8-K
Departure of Directors or Certain Officers
5 Apr 24
8-K
Results of Operations and Financial Condition
1 Apr 24
8-K
Departure of Directors or Certain Officers
1 Apr 24
8-K/A
Results of Operations and Financial Condition
1 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
8-K
Results of Operations and Financial Condition
19 Mar 24
NT 10-K
Notice of late annual filing
15 Mar 24
8-K
Results of Operations and Financial Condition
5 Mar 24
8-K
Results of Operations and Financial Condition
7 Feb 24
Transcripts
NEWT
Earnings call transcript
2023 Q4
6 Mar 24
NEWT
Earnings call transcript
2023 Q3
8 Nov 23
NEWT
Earnings call transcript
2023 Q2
3 Aug 23
NEWT
Earnings call transcript
2023 Q1
9 May 23
NEWT
Earnings call transcript
2022 Q4
28 Feb 23
NEWT
Earnings call transcript
2022 Q3
8 Nov 22
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
Latest ownership filings
4
Salvatore Francis Mulia
23 Apr 24
144
Notice of proposed sale of securities
22 Apr 24
3
Frank M DeMaria
3 Apr 24
4
Salvatore Francis Mulia
22 Mar 24
144
Notice of proposed sale of securities
21 Mar 24
4
Salvatore Francis Mulia
21 Feb 24
144
Notice of proposed sale of securities
21 Feb 24
SC 13G
VANGUARD GROUP INC
13 Feb 24
5
Nicholas J Leger
9 Feb 24
4
Salvatore Francis Mulia
30 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Mar 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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) | 223.69 mm | 223.69 mm | 223.69 mm | 223.69 mm | 223.69 mm | 223.69 mm |
Cash burn (monthly) | 10.88 mm | (no burn) | (no burn) | 1.27 mm | 225.33 k | 9.85 mm |
Cash used (since last report) | 74.02 mm | n/a | n/a | 8.63 mm | 1.53 mm | 67.03 mm |
Cash remaining | 149.68 mm | n/a | n/a | 215.06 mm | 222.16 mm | 156.66 mm |
Runway (months of cash) | 13.8 | n/a | n/a | 169.6 | 985.9 | 15.9 |
Institutional ownership, Q3 2023
36.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 83 |
Opened positions | 14 |
Closed positions | 8 |
Increased positions | 28 |
Reduced positions | 28 |
13F shares | Current |
---|---|
Total value | 129.79 bn |
Total shares | 8.90 mm |
Total puts | 76.90 k |
Total calls | 58.30 k |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Royce & Associates | 2.03 mm | $30.01 bn |
BLK Blackrock | 1.63 mm | $24.09 bn |
Vanguard | 1.30 mm | $19.11 bn |
Geode Capital Management | 485.97 k | $7.17 bn |
STT State Street | 397.33 k | $5.86 bn |
Putnam Investments | 223.36 k | $3.29 bn |
IVZ Invesco | 223.14 k | $3.29 bn |
NTRS Northern Trust | 192.23 k | $2.84 bn |
Charles Schwab Investment Management | 181.75 k | $2.68 bn |
Barrett & Company | 177.87 k | $2.62 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Apr 24 | Salvatore Francis Mulia | Common stock | Sell | Dispose S | No | Yes | 10.87 | 750 | 8.15 k | 46,462 |
21 Mar 24 | Salvatore Francis Mulia | Common stock | Sell | Dispose S | No | Yes | 10.71 | 750 | 8.03 k | 47,212 |
26 Jan 24 | Salvatore Francis Mulia | Common stock | Gift | Dispose G | No | No | 13.16 | 4,000 | 52.64 k | 48,712 |
22 Jan 24 | Salvatore Francis Mulia | Common stock | Sell | Dispose S | No | Yes | 12.56 | 750 | 9.42 k | 58,503 |
News
Demystifying NewtekOne: Insights From 4 Analyst Reviews
20 Mar 24
Keefe, Bruyette & Woods Maintains Market Perform on NewtekOne, Lowers Price Target to $13
20 Mar 24
Piper Sandler Maintains Neutral on NewtekOne, Lowers Price Target to $11
18 Mar 24
B. Riley Securities Reiterates Buy on NewtekOne, Lowers Price Target to $18
7 Mar 24
NewtekOne Expects 2024 EPS In The Range Of $1.80-$2.00 Vs. $1.84 Consensus
6 Mar 24
Press releases
NewtekOne, Inc. to Report First Quarter 2024 Financial Results on Monday, May 6, 2024 After the Market Closes
4 Apr 24
NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer
1 Apr 24
NewtekOne, Inc. Announces Loan Closings for the First Quarter 2024
1 Apr 24
NewtekOne, Inc. Promotes Frank M. DeMaria to Chief Accounting Officer
1 Apr 24
CORRECTING and REPLACING NewtekOne, Inc. News Release
1 Apr 24