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Newtek Business Services Corp (NEWT.OQ)

NEWT.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Newtek Business Services posts Q2 net investment loss $0.28/shr
Monday, 8 Aug 2016 04:10pm EDT 

Newtek Business Services Corp : Newtek Business Services Corp reports second quarter 2016 financial results . Net asset value $14.11 per share, at June 30, 2016, compared to $14.06 per share, at December 31, 2015 . Increased 2016 annual cash dividend forecast to approximately $22.2 million, or 1.53 per share .Newtek Business Services Corp qtrly net investment loss per share $0.28.  Full Article

Newtek Business Services Corp Acquires Banc-Serv Partners, LLC
Wednesday, 29 Jun 2016 02:47pm EDT 

Newtek Business Services Corp : Newtek will retain banc-serv's management team as part of terms of acquisition .Newtek Business Services Corp. acquires Banc-Serv Partners, LLC.  Full Article

Newtek Business Services declares Q2 dividend of $0.35/shr
Thursday, 9 Jun 2016 02:10pm EDT 

Newtek Business Services Corp: Newtek declares Q2 dividend of $0.35 per share .Reconfirming its full year 2016 dividend forecast of $22.0 million, or $1.52 per share.  Full Article

Newtek Business Services Corp announces new stock repurchase program
Wednesday, 11 May 2016 02:26pm EDT 

: Newtek Business Services Corp. Announces new stock repurchase program . Company expects to finance repurchases with available liquidity . Directors approved a new share repurchase program under which co may repurchase up to 150,000 shares .Termination date for this new repurchase program will be on november 11, 2016.  Full Article

Newtek Business Services Corp Announces upsizing and pricing of public offering of 7.00% notes due 2021
Friday, 15 Apr 2016 05:07pm EDT 

Newtek Business Services Corp:Says pricing of its previously announced public offering of its 7.00% notes due 2021.Says increased the size of the offering from $25,000,000 in aggregate principal amount to $35,000,000 in aggregate principal amount.Says Notes will mature on March 31, 2021.  Full Article

Newtek Business Services Corp declares fourth quarter 2015 dividend
Wednesday, 16 Dec 2015 02:00pm EST 

Newtek Business Services Corp:Says Company estimates the fourth quarter dividend will be equivalent to approximately $0.40 per share.Payable on January 19, 2016 to shareholders of record date as of January 7, 2016.  Full Article

Newtek Business Services Corp. announces stock repurchase program
Monday, 7 Dec 2015 09:35am EST 

Newtek Business Services Corp:Board approved a repurchase program under which the Company may repurchase up to 150,000 shares, which represents 1.2% of the outstanding shares of common stock, par value $0.001, of the Company as of December 3, 2015.Unless extended or terminated by its board of directors, the Company expects the termination date for this new repurchase program will be on June 3, 2016.Expects to finance the repurchases with available liquidity and the repurchased Shares will be designated as authorized but unissued Common Stock.  Full Article

Newtek Business Services Corp closes public offering of 2,300,000 shares of common stock
Thursday, 15 Oct 2015 01:50pm EDT 

Newtek Business Services Corp:Announces that it has closed an underwritten offering of 2,300,000 shares of common stock at a public offering price of $16.50.  Full Article

Newtek Business Services Corp reaffirms third quarter dividend of $0.50 per share Company
Thursday, 15 Oct 2015 01:50pm EDT 

Newtek Business Services Corp:Announced that it has reaffirmed its third quarter dividend of $0.50 per share.Dividend is payable on November 3, 2015 to all shareholders of record as of October 22, 2015.  Full Article

Newtek Business Services Corp prices public offering of 2,000,000 shares of common stock
Thursday, 8 Oct 2015 07:09pm EDT 

Newtek Business Services Corp:Priced an underwritten offering of 2,000,000 shares of common stock at a public offering price of $16.50, raising expected total gross proceeds of approximately $33 million.Keefe, Bruyette & Woods, Inc., Raymond James & Associates, Inc. and JMP Securities LLC are acting as joint bookrunners for this offering, and Ladenburg Thalmann & Co. Inc. and Compass Point Research & Trading, LLC are acting as co-managers.Says closing of the transaction is subject to customary closing conditions, and the shares are expected to be delivered on or about October 15, 2015.Newtek has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of Newtek's common stock.  Full Article