NewtekOne (NASDAQ:NEWT) CEO Barry Sloane Acquires 5,000 Shares

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane bought 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of $14.20 per share, with a total value of $71,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,181,914 shares of the company’s stock, valued at approximately $16,783,178.80. The trade was a 0.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Barry Sloane also recently made the following trade(s):

• On Monday, June 15th, Barry Sloane bought 11,000 shares of NewtekOne stock. The stock was purchased at an average price of $14.21 per share, with a total value of $156,310.00.

NewtekOne Price Performance

NewtekOne stock opened at $13.92 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. The company has a market capitalization of $401.73 million, a PE ratio of 6.13 and a beta of 1.29. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $14.91. The stock has a 50-day moving average price of $13.09 and a two-hundred day moving average price of $12.59.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $88.18 million during the quarter, compared to the consensus estimate of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Analysts expect that NewtekOne, Inc. will post 2.38 EPS for the current year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th will be given a $0.19 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 5.5%. NewtekOne’s dividend payout ratio (DPR) is currently 33.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. North Reef Capital Management LP acquired a new position in shares of NewtekOne during the 3rd quarter valued at $4,430,000. GSA Capital Partners LLP acquired a new position in shares of NewtekOne during the 4th quarter valued at $1,126,000. Huber Capital Management LLC acquired a new position in shares of NewtekOne during the 4th quarter valued at $978,000. Jefferies Financial Group Inc. acquired a new position in shares of NewtekOne during the 4th quarter valued at $397,000. Finally, R Squared Ltd acquired a new position in shares of NewtekOne during the 3rd quarter valued at $225,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

Wall Street Analyst Weigh In

NEWT has been the subject of a number of analyst reports. Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings upgraded NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods raised their price objective on NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

NewtekOne Company Profile

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.