Institutional shares held 9.32 Million
97.6K calls
112K puts
Total value of holdings $127M
$1.33M calls
$1.53M puts
Market Cap $333M
24,355,600 Shares Out.
Institutional ownership 38.28%
# of Institutions 99


Latest Institutional Activity in NEWT

Top Purchases

Q1 2024
Franklin Resources Inc Shares Held: 219K ($2.99M)
Q1 2024
Marshall Wace, LLP Shares Held: 90.1K ($1.23M)
Q1 2024
Two Sigma Investments, LP Shares Held: 68.7K ($939K)
Q1 2024
Goldman Sachs Group Inc Shares Held: 151K ($2.07M)
Q1 2024
Citadel Advisors LLC Shares Held: 96.3K ($1.32M)

Top Sells

Q1 2024
Royce & Associates LP Shares Held: 1.95M ($26.7M)
Q1 2024
Russell Investments Group, Ltd. Shares Held: 46.9K ($641K)
Q1 2024
Bank Of America Corp Shares Held: 30.8K ($421K)
Q1 2024
D.A. Davidson & Co. Shares Held: 35.9K ($491K)
Q1 2024
Barclays PLC Shares Held: 16.1K ($220K)

About NEWT

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.


Insider Transactions at NEWT

Insider Transaction List

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Date Insider Transaction Ownership Type Shares Traded Value / Price
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Last 12 Months Summary

Buy / Acquisition
62.3K Shares
From 9 Insiders
Open market or private purchase 37.4K shares
Grant, award, or other acquisition 24.9K shares
Sell / Disposition
10.2K Shares
From 2 Insiders
Bona fide gift 4.23K shares
Open market or private sale 6K shares

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