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Newtek Business Services is a business development company. Co. provides, together with its controlled portfolio companies, a range of business and financial solutions under the Newtek® brand to the small-and-medium sized business market. Co.'s products and services include: Business Lending including United States Small Business Administration 7(a) loans, 504 loans and conventional loans, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), Technology Consulting, eCommerce, Accounts Receivable and Inventory Financing, personal and commercial lines Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll and Benefits Solutions. According to our NEWT split history records, Newtek Business Services has had 1 split.
NEWT split history picture
Newtek Business Services (NEWT) has 1 split in our NEWT split history database. The split for NEWT took place on October 23, 2014. This was a 1 for 5 reverse split, meaning for each 5 shares of NEWT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.

When a company such as Newtek Business Services conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the NEWT split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Newtek Business Services shares, starting with a $10,000 purchase of NEWT, presented on a split-history-adjusted basis factoring in the complete NEWT split history. NEWT split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 12/10/2009
End date: 12/09/2019
Start price/share: $4.75
End price/share: $23.38
Starting shares: 2,105.26
Ending shares: 3,975.93
Dividends reinvested/share: $10.86
Total return: 829.57%
Average Annual Total Return: 24.97%
Starting investment: $10,000.00
Ending investment: $92,965.74
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/10/2009
End date: 12/09/2019
Start price/share: $4.75
End price/share: $23.38
Dividends collected/share: $10.86
Total return: 620.84%
Average Annual Total Return: 21.83%
Starting investment: $10,000.00
Ending investment: $72,073.79
Years: 10.00
Date Ratio
10/23/20141 for 5
NEWT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

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