West Family Investments buys $3,037,070 stake in NEWTEK Business Services Corp (NEWT)

NEWTEK Business Services Corp (NEWT) : West Family Investments scooped up 5,100 additional shares in NEWTEK Business Services Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 226,647 shares of NEWTEK Business Services Corp which is valued at $3,037,070.NEWTEK Business Services Corp makes up approximately 0.56% of West Family Investments’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp added NEWT to its portfolio by purchasing 54,226 company shares during the most recent quarter which is valued at $726,628. Tfs Capital sold out all of its stake in NEWT during the most recent quarter. The investment firm sold 24,939 shares of NEWT which is valued $334,183.Dynamic Technology Lab Private Ltd reduced its stake in NEWT by selling 8,429 shares or 38.56% in the most recent quarter. The Hedge Fund company now holds 13,430 shares of NEWT which is valued at $179,962. NEWTEK Business Services Corp makes up approx 0.05% of Dynamic Technology Lab Private Ltd’s portfolio.

NEWTEK Business Services Corp opened for trading at $13.25 and hit $13.38 on the upside on Monday, eventually ending the session at $13.28, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 56,016 shares. Company has a market cap of $192 M.

Newtek Business Services Corp. is an internally managed closed-end non-diversified management investment company. The Company is focused on developing and marketing business and financial products and services aimed at the small- and medium-sized business (SMB) market and on developing a recognized brand for independent business owners. The Company’s brand The Small Business Authority is a national lender and owns and controls certain controlled portfolio companies that provide business and financial products to the SMB market.

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