Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ) Trading 0% Higher – Should You Buy?

Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ)’s share price traded up 0% during trading on Monday . The company traded as high as $24.98 and last traded at $24.9750. 1,540 shares changed hands during trading, a decline of 65% from the average session volume of 4,418 shares. The stock had previously closed at $24.97.

Newtek Business Services Corp. 5.50% Notes Due 2026 Stock Up 0.0%

The firm has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $25.01.

Newtek Business Services Corp. 5.50% Notes Due 2026 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Thursday, January 15th were given a $0.3438 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, January 15th.

Institutional Investors Weigh In On Newtek Business Services Corp. 5.50% Notes Due 2026

An institutional investor recently bought a new position in Newtek Business Services Corp. 5.50% Notes Due 2026 stock. Karpus Management Inc. bought a new position in Newtek Business Services Corp. 5.50% Notes Due 2026 (NASDAQ:NEWTZ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 595,191 shares of the company’s stock, valued at approximately $14,993,000. Newtek Business Services Corp. 5.50% Notes Due 2026 accounts for 3.1% of Karpus Management Inc.’s investment portfolio, making the stock its 8th largest holding.

About Newtek Business Services Corp. 5.50% Notes Due 2026

Newtek Business Services Corp. is a diversified financial technology company and internally managed business development company (BDC) that offers a suite of integrated business services to small and mid-sized enterprises across the United States. Through its banking, lending, payment processing, payroll and human resources, and e-commerce solutions, Newtek seeks to streamline operations and improve efficiency for its clients. The company’s model combines traditional commercial lending with value-added services designed to support every stage of a business’s lifecycle, from startup through growth and maturity.

The 5.50% Notes due 2026, traded under the ticker NEWTZ on the NASDAQ, represent senior unsecured obligations of Newtek Business Services Corp.