Newtek Business Services Corp.(NEWT) has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: Get Report 

Newtek Business Services Corp ., (NEWT), an internally managed business development company ("BDC") announced that it has been included in the Wells Fargo Business Development Company Index (Symbol: WFBDC), which currently includes 44 business development companies and has a total market capitalization of $131.6⁽¹⁾ billion.

On Dec. 29, 2014, Newtek Business Services Corp (NEWT), a newly formed development company ("BDC"), announced that it currently expects to pay an annual cash dividend⁽¹⁾ of approximately $1.80 per share for 2015, payable quarterly from anticipated taxable earnings based on 10,206,323 shares of the Company's Common Stock outstanding as of December 22, 2014.

Newtek Business Services Corp. (NASDAQ: NEWT), announced  Wednesday that it has closed an underwritten offering of 2,530,000 shares of its common stock at a public offering price of $12.50 per share for total gross proceeds of $31,625,000.  This amount includes the exercise in full by the underwriters of their option to purchase up to an additional 330,000 shares of the Company's common stock.

Newtek Business Services, Inc. became Newtek Business Services Corp. on Nov 12.