Newtek Business Services Corp. (NEWT)
Largest Insider Buys in Sector
NEWT Stock Price History Chart
NEWT Stock Performance
About Newtek Business Services Corp.
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 Activity of Newtek Business Services Corp.
Over the last 12 months, insiders at Newtek Business Services Corp. have bought $621,163 and sold $96,150 worth of Newtek Business Services Corp. stock.
On average, over the past 5 years, insiders at Newtek Business Services Corp. have bought $487,221 and sold $59,825 worth of stock each year.
Highest buying activity among insiders over the last 12 months: SLOANE BARRY (Chairman & CEO) — $509,205. Zink Gregory L (director) — $52,336. PRICE MICHAEL SCOTT (Chief Financial Officer) — $25,185.
The last purchase of 700 shares for transaction amount of $8,834 was made by SALUTE RICHARD J (director) on 2024‑06‑18.
List of Insider Buy and Sell Transactions, Newtek Business Services Corp.
| 2024-06-21 | Sale | Mulia Salvatore Francis | director | 750 0.0029% | $12.47 | $9,353 | +0.70% | |
| 2024-06-18 | SALUTE RICHARD J | director | 700 0.0027% | $12.62 | $8,834 | -2.42% | ||
| 2024-06-17 | SLOANE BARRY | Chairman & CEO | 10,000 0.0395% | $12.73 | $127,285 | -4.42% | ||
| 2024-06-17 | Zink Gregory L | director | 1,000 0.004% | $12.92 | $12,920 | -4.42% | ||
| 2024-06-17 | PRICE MICHAEL SCOTT | Chief Financial Officer | 2,000 0.0078% | $12.59 | $25,185 | -4.42% | ||
| 2024-05-22 | YOUNG NICOLAS | President, Newtek Bank, N.A. | 500 0.002% | $13.23 | $6,615 | -0.38% | ||
| 2024-05-21 | Sale | Mulia Salvatore Francis | director | 750 0.003% | $13.16 | $9,870 | -2.54% | |
| 2024-05-15 | SLOANE BARRY | Chairman & CEO | 10,000 0.0398% | $14.17 | $141,716 | -5.48% | ||
| 2024-05-15 | Zink Gregory L | director | 1,000 0.004% | $14.15 | $14,152 | -5.48% | ||
| 2024-04-22 | Sale | Mulia Salvatore Francis | director | 750 0.003% | $10.87 | $8,153 | +17.90% | |
| 2024-03-21 | Sale | Mulia Salvatore Francis | director | 750 0.0031% | $10.71 | $8,033 | +15.77% | |
| 2024-02-21 | Sale | Mulia Salvatore Francis | director | 750 0.0031% | $11.48 | $8,610 | +1.40% | |
| 2024-01-22 | Sale | Mulia Salvatore Francis | director | 750 0.003% | $12.56 | $9,420 | -9.11% | |
| 2023-12-21 | Sale | Mulia Salvatore Francis | director | 750 0.0031% | $14.34 | $10,755 | -14.93% | |
| 2023-12-13 | SLOANE BARRY | Chairman & CEO | 3,000 0.0113% | $13.45 | $40,335 | -15.43% | ||
| 2023-11-27 | SLOANE BARRY | Chairman & CEO | 5,232 0.0205% | $12.99 | $67,967 | -7.76% | ||
| 2023-11-22 | SALUTE RICHARD J | director | 200 0.0008% | $13.03 | $2,605 | -3.77% | ||
| 2023-11-21 | Sale | Mulia Salvatore Francis | director | 750 0.0031% | $13.53 | $10,148 | -5.62% | |
| 2023-10-20 | Sale | Mulia Salvatore Francis | director | 750 0.0031% | $13.70 | $10,275 | -3.73% | |
| 2023-09-22 | SLOANE BARRY | Chairman & CEO | 2,000 0.0081% | $14.88 | $29,756 | -11.82% |
Insider Historical Profitability
| SLOANE BARRY | Chairman & CEO | 1140674 4.6262% | $12.12 | 74 | 0 | +18.49% |
| Downs Peter Mathison | Chief Lending Officer | 68937 0.2797% | $12.12 | 26 | 0 | +19.28% |
| Mulia Salvatore Francis | director | 46991 0.2374% | $12.12 | 31 | 13 | +13.83% |
| YOUNG NICOLAS | President, Newtek Bank, N.A. | 30691 0.128% | $12.12 | 3 | 0 | +4.48% |
| SALUTE RICHARD J | director | 32617 0.117% | $12.12 | 38 | 0 | +16.14% |
| Zink Gregory L | director | 29085 0.1087% | $12.12 | 50 | 0 | +14.35% |
| PRICE MICHAEL SCOTT | Chief Financial Officer | 21681 0.0877% | $12.12 | 1 | 0 | |
| Kirschner Sam | director | 56980 0.2312% | $12.12 | 7 | 0 | +10.24% |
| Brunet Craig Jeffry | Executive Vice-President | 42174 0.1711% | $12.12 | 1 | 0 | <0.0001% |
| Schwartz Michael Adam | Chief Legal&Compliance Officer | 40966 0.1662% | $12.12 | 20 | 0 | +14.48% |
| EDDELSON JENNIFER CATHERINE | Principal Financial Officer | 39977 0.1622% | $12.12 | 8 | 0 | +16.65% |
| Leger Nicholas J | Chief Accounting Officer | 18493 0.075% | $12.12 | 4 | 0 | +2.36% |
| Razon-Feingold Halli | Chief Administrative Officer | 18145 0.0736% | $12.12 | 4 | 0 | +1.06% |
| Joshi Nilesh | Chief Information Officer | 2898 0.0118% | $12.12 | 2 | 0 | +17.05% |
| RAVEN JOHN | Chief Info. Security Officer | 2166 0.0088% | $12.12 | 2 | 0 | +8.9% |
| TOWERS CHRISTOPHER | Chief Accounting Officer | 1977 0.008% | $12.12 | 8 | 0 | +23.89% |
Institutional Investor Ownership
| ROYCE & ASSOCIATES INC | $21.48M | 7.9 | 1.95M | -4.38% | -$983,774.00 | 0.19 | |
| BlackRock | $19.66M | 7.23 | 1.79M | -0.32% | -$62,590.00 | <0.0001 | |
| The Vanguard Group | $15.05M | 5.53 | 1.37M | +1.3% | +$192,555.00 | <0.0001 | |
| Geode Capital Management | $5.72M | 2.1 | 519,933 | +1.9% | +$106,591.35 | <0.01 | |
| State Street | $5.03M | 1.82 | 449,916 | +0.67% | +$33,609.93 | <0.0001 | |
| Franklin Templeton Investments | $2.41M | 0.89 | 218,858 | New | +$2.41M | <0.01 | |
| Northern Trust | $2.16M | 0.8 | 196,739 | -2.06% | -$45,441.00 | <0.0001 | |
| Charles Schwab | $2.06M | 0.76 | 187,312 | +1.97% | +$39,710.00 | <0.0001 | |
| BNY Mellon | $1.95M | 0.72 | 177,413 | -1.94% | -$38,643.04 | <0.0001 | |
| Goldman Sachs | $1.66M | 0.61 | 151,166 | +73.78% | +$705,947.00 | <0.0001 | |
| American Century Investments | $1.65M | 0.61 | 149,974 | -8.72% | -$157,564.00 | <0.01 | |
| Boothbay Fund Management LLC | $1.5M | 0.55 | 136,573 | -5.36% | -$85,052.00 | 0.05 | |
| Ancora Advisors Llc | $1.44M | 0.53 | 130,933 | +43.45% | +$436,249.00 | 0.03 | |
| Bard Associates, Inc. | $1.39M | 0.5 | 124,240 | -1.99% | -$28,145.93 | 0.52 | |
| Citadel Advisors LLC | $1.06M | 0.39 | 96,284 | +88.91% | +$498,476.00 | <0.01 | |
| Marshall Wace | $990,891.00 | 0.36 | 90,081 | +508.86% | +$828,146.00 | <0.01 | |
| Morgan Stanley | $979,991.00 | 0.36 | 89,090 | +4.83% | +$45,199.05 | <0.0001 | |
| First Trust | $862,862.00 | 0.32 | 78,442 | +1.74% | +$14,751.00 | <0.01 | |
| Two Sigma | $755,964.00 | 0.28 | 68,724 | New | +$755,964.00 | <0.01 | |
| Avenir Corp | $657,800.00 | 0.24 | 59,800 | +46.57% | +$209,000.00 | 0.06 | |
| Raymond James Associates | $576,146.00 | 0.21 | 52,377 | +4.82% | +$26,465.95 | <0.0001 | |
| Ridgewood Investments | $577,335.00 | 0.21 | 52,485 | +15.39% | +$77,000.00 | 0.18 | |
| Invesco | $544,588.00 | 0.2 | 49,508 | +177.32% | +$348,216.00 | <0.0001 | |
| Arkadios Wealth Advisors | $520,068.00 | 0.19 | 47,279 | +2.93% | +$14,783.97 | 0.04 | |
| Russell Investments Group Ltd | $515,702.00 | 0.19 | 46,882 | -62.77% | -$869,484.00 | <0.01 | |
| Founders Financial Alliance LLC | $501,060.00 | 0.18 | 45,551 | +4.65% | +$22,263.96 | 0.16 | |
| Nuveen | $471,141.00 | 0.17 | 42,831 | 0% | +$0 | <0.0001 | |
| Knightsbridge Wealth Management | $511,511.00 | 0.15 | 37,066 | 0% | +$0 | 0.15 | |
| D.A. Davidson Companies | $395,353.00 | 0.15 | 35,941 | -42.23% | -$289,048.46 | <0.01 | |
| Gsa Capital Partners Llp | $365,000.00 | 0.13 | 33,211 | New | +$365,000.00 | 0.03 | |
| UBS | $357,819.00 | 0.13 | 32,529 | -27.2% | -$133,716.00 | <0.0001 | |
| Bank of America | $338,535.00 | 0.12 | 30,776 | -50.3% | -$342,637.99 | <0.0001 | |
| RhumbLine Advisers | $330,528.00 | 0.12 | 30,048 | +3.35% | +$10,714.00 | <0.0001 | |
| LINSCO PRIVATE LEDGER CORP | $310,514.00 | 0.11 | 28,229 | -7.29% | -$24,419.61 | <0.0001 | |
| Advisors Asset Management Inc | $265,793.00 | 0.1 | 24,163 | -2.22% | -$6,028.00 | 0.01 | |
| Cambridge Investment Research Advisors Inc | $268,000.00 | 0.1 | 24,346 | -14.39% | -$45,033.60 | <0.01 | |
| Millennium Management LLC | $252,373.00 | 0.09 | 22,943 | +100.17% | +$126,291.00 | <0.0001 | |
| MetLife Investment Management | $234,895.00 | 0.09 | 21,354 | +0.02% | +$44.00 | <0.01 | |
| Beacon Investment Advisors Llc | $231,474.00 | 0.09 | 21,043 | +40.23% | +$66,407.29 | 0.13 | |
| Jump Financial Llc | $231,000.00 | 0.09 | 21,000 | +87.43% | +$107,756.00 | <0.01 | |
| Corton Capital Inc | $228,657.00 | 0.08 | 20,787 | +46.27% | +$72,336.00 | 0.09 | |
| ExodusPoint Capital Management, LP | $215,000.00 | 0.08 | 19,561 | New | +$215,000.00 | <0.01 | |
| Raymond James Financial Services Advisors Inc | $213,614.00 | 0.08 | 19,419 | +1% | +$2,112.05 | <0.0001 | |
| Ameriprise Financial | $193,314.00 | 0.07 | 17,574 | +14.84% | +$24,981.00 | <0.0001 | |
| AllianceBernstein | $189,090.00 | 0.07 | 17,190 | +6.24% | +$11,110.00 | <0.0001 | |
| Royal Bank of Canada | $179,000.00 | 0.07 | 16,223 | +90.32% | +$84,948.59 | <0.0001 | |
| Barclays | $177,000.00 | 0.07 | 16,080 | -52.61% | -$196,461.19 | <0.0001 | |
| Tradition Wealth Management, LLC | $175,483.00 | 0.06 | 15,953 | +1.32% | +$2,288.00 | 0.02 | |
| Kinloch Capital Llc | $148,379.00 | 0.06 | 13,489 | New | +$148,379.00 | 0.08 | |
| JPMorgan Chase | $147,565.00 | 0.05 | 13,415 | -30.44% | -$64,570.00 | <0.0001 |