October 10, 2020

NEWTEK Business Services Corp (NASDAQ:NEWT) Receives Consensus Recommendation of “Hold” from Analysts

NEWTEK Business Services Corp (NASDAQ:NEWT) Receives Consensus Recommendation of "Hold" from Analysts


NEWTEK Business Services Corp (NASDAQ:NEWT) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of NEWTEK Business Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. LADENBURG THALM/SH SH downgraded shares of NEWTEK Business Services from a “buy” rating to a “neutral” rating in a report on Tuesday, August 11th. They noted that the move was a valuation call. TheStreet raised shares of NEWTEK Business Services from a “c” rating to a “b-” rating in a report on Friday, August 7th. Finally, BidaskClub downgraded shares of NEWTEK Business Services from a “buy” rating to a “hold” rating in a report on Saturday.

NASDAQ:NEWT opened at $18.75 on Friday. The company has a market cap of $392.01 million, a PE ratio of 9.10 and a beta of 1.26. NEWTEK Business Services has a twelve month low of $7.59 and a twelve month high of $23.73. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $19.02 and its two-hundred day moving average is $17.15.

NEWTEK Business Services (NASDAQ:NEWT) last released its earnings results on Wednesday, August 5th. The business services provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.09). The company had revenue of $46.69 million for the quarter, compared to analysts’ expectations of $14.08 million. NEWTEK Business Services had a return on equity of 18.93% and a net margin of 44.30%. As a group, analysts expect that NEWTEK Business Services will post 2 EPS for the current fiscal year.

(Ad)

And if you’re correctly positioned starting October 21, you could cash in BIG-TIME. This year’s market volatility has been dramatic… But this historic market-shifting event could allow you to capitalize like never before!

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a $0.58 dividend. This is an increase from NEWTEK Business Services’s previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend was Friday, September 18th. NEWTEK Business Services’s dividend payout ratio is 99.57%.

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new stake in shares of NEWTEK Business Services in the first quarter valued at about $49,000. Marshall Wace North America L.P. acquired a new stake in NEWTEK Business Services in the first quarter valued at approximately $67,000. Private Advisor Group LLC acquired a new stake in NEWTEK Business Services in the second quarter valued at approximately $68,000. Citigroup Inc. acquired a new stake in NEWTEK Business Services in the first quarter valued at approximately $92,000. Finally, Two Sigma Securities LLC acquired a new stake in NEWTEK Business Services in the first quarter valued at approximately $138,000. 14.57% of the stock is currently owned by institutional investors and hedge funds.

NEWTEK Business Services Company Profile

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.

Recommended Story: How to trade on quiet period expirations

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email¬†protected]

10 Great Cheap Stocks to Buy Now for Under $10

As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to regularly hit new all-time highs, it’s very difficult for investors to find cheap stocks to buy now.

This goes for both share price, since most stocks are trading higher on a per-share basis, and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.

While the S&P 500 as a whole is expensive, there are still a handful undervalued stocks that are trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.

Some of these companies are great investing ideas because they’re too small and too risky to attract the interest of most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits, but are now trying to turn around and bounce back.

In this list, you might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks. While these low-priced stocks have a lot of differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.

View the “10 Great Cheap Stocks to Buy Now for Under $10”.



Click Here to Read Original Story

Leave a Reply

Your email address will not be published. Required fields are marked *