Newtek Business Services Overview

  • Founded
  • 1998
Founded
  • Status
  • Public
  • Employees
  • 109
Employees
  • Stock Symbol
  • NEWT
Stock Symbol
  • Investments
  • 8
  • Share Price
  • $18.28
  • (As of Friday Closing)

Newtek Business Services General Information

Description

Newtek Business Services Corp non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Other Financial Services
Other Industries
Specialized Finance
IT Consulting and Outsourcing
Consulting Services (B2B)
Stock Exchange
NAS
Primary Office
  • 1981 Marcus Avenue
  • Suite 130
  • New York, NY 11042
  • United States
+1 (212) 000-0000
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Newtek Business Services Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$18.28 $18.30 $7.59 - $23.73 $398M 21.8M 146K $1.49

Newtek Business Services Financials Summary

In Thousands,
USD
TTM 30-Sep-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018 FY 2017 31-Dec-2017
EV 773,887 847,726 624,240 557,989
Revenue 94,533 109,213 93,758 87,950
EBITDA 44,800 37,239 41,557
Net Income 30,498 41,135 35,678 38,976
Total Assets 751,966 797,411 653,341 519,611
Total Debt 395,832 441,825 331,630 216,252
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Newtek Business Services Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Newtek Business Services Executive Team (14)

Name Title Board Seat Contact Info
Christopher Towers Chief Financial Officer, Finance & Chief Accounting Officer, Accounting
John Raven Chief Technology Officer & Chief Security Information Officer
Michael Schwartz Secretary, Administration & Chief Compliance Officer, Legal
Peter Downs Chief Lending Officer & Board Member
Jayne Cavuoto Executive, Investor Relations & Public Relations
You’re viewing 5 of 14 executive team members. Get the full list »

Newtek Business Services Board Members (5)

Name Representing Role Since
00000 00000 Newtek Business Services Chief Lending Officer & Board Member 000 0000
0000000 000000 CohnReznick Board Member 000 0000
000000000 00000 Self Board Member 000 0000
To view Newtek Business Services’s complete board members history, request access »

Newtek Business Services Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Newtek Business Services Investments & Acquisitions (8)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000 00 00000 07-Nov-2019 000000000000000000 Business/Productivity Software
000000 00000000000 01-Jan-2018 00000 0000000 Specialized Finance
000000 0000000 000 24-Oct-2017 000000000000000000 00.000 Specialized Finance
0000000000000 0000 06-Apr-2017 000000000000000000 000.00 IT Consulting and Outsourcing
banc-serv Partners 29-Jun-2016 Merger/Acquisition Specialized Finance
You’re viewing 5 of 8 investments and acquisitions. Get the full list »

Newtek Business Services Subsidiaries (6)

Company Name Industry Location Founded
Pos on Cloud Business/Productivity Software Louisville, KY 2012
000000 0000000 000 Specialized Finance Long Island City, NY 0000
0000-0000 00000000 Specialized Finance Westfield, IN 0000
000000 00000 00000 Lender New York, NY 0000
000 000 00000000 0 Other Financial Services West Hempstead, NY
You’re viewing 5 of 6 subsidiaries. Get the full list »