NewtekOne (NASDAQ:NEWT) CAO Purchases 1,258 Shares

NewtekOne, Inc. (NASDAQ:NEWT) CAO Halli Razon-Feingold acquired 1,258 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average cost of $13.91 per share, with a total value of $17,498.78. Following the purchase, the chief accounting officer directly owned 22,915 shares in the company, valued at $318,747.65. This represents a 5.81% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NewtekOne Trading Down 0.3%

Shares of NEWT traded down $0.04 during trading hours on Friday, hitting $14.55. The company had a trading volume of 105,324 shares, compared to its average volume of 331,449. The firm has a market cap of $420.35 million, a P/E ratio of 6.53 and a beta of 1.23. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $14.77. The stock’s 50 day moving average price is $11.39 and its 200 day moving average price is $11.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 5.69.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. The business had revenue of $74.94 million during the quarter, compared to analysts’ expectations of $78.31 million. NewtekOne had a return on equity of 19.93% and a net margin of 15.59%. On average, research analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 22nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, December 22nd. NewtekOne’s dividend payout ratio (DPR) is presently 34.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $13.00 target price (up from $12.00) on shares of NewtekOne in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of NewtekOne in a research note on Wednesday, October 8th. Piper Sandler increased their price objective on shares of NewtekOne from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Hedge Funds Weigh In On NewtekOne

A number of large investors have recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of NewtekOne by 190.5% during the 2nd quarter. Prudential Financial Inc. now owns 212,228 shares of the business services provider’s stock valued at $2,394,000 after purchasing an additional 139,177 shares during the last quarter. Boston Partners acquired a new position in shares of NewtekOne during the second quarter valued at about $801,000. Los Angeles Capital Management LLC raised its position in shares of NewtekOne by 61.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 68,662 shares of the business services provider’s stock valued at $775,000 after purchasing an additional 26,109 shares during the last quarter. Magnetar Financial LLC raised its holdings in shares of NewtekOne by 304.3% in the second quarter. Magnetar Financial LLC now owns 54,039 shares of the business services provider’s stock worth $610,000 after buying an additional 40,672 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NewtekOne by 32.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 210,067 shares of the business services provider’s stock worth $2,370,000 after buying an additional 51,085 shares during the period. 38.35% of the stock is owned by hedge funds and other institutional investors.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.