Insider Buying: NewtekOne (NASDAQ:NEWT) CAO Acquires 1,258 Shares of Stock

NewtekOne, Inc. (NASDAQ:NEWT) CAO Halli Razon-Feingold purchased 1,258 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was purchased at an average price of $13.91 per share, for a total transaction of $17,498.78. Following the transaction, the chief accounting officer directly owned 22,915 shares in the company, valued at approximately $318,747.65. This trade represents a 5.81% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NewtekOne Trading Down 0.3%

Shares of NewtekOne stock traded down $0.04 on Friday, reaching $14.55. 105,324 shares of the company’s stock were exchanged, compared to its average volume of 331,449. The firm’s 50-day moving average is $11.39 and its two-hundred day moving average is $11.49. The company has a market capitalization of $420.35 million, a P/E ratio of 6.53 and a beta of 1.23. The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.67 and a current ratio of 0.67. NewtekOne, Inc. has a 52 week low of $9.12 and a 52 week high of $14.77.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. NewtekOne had a return on equity of 19.93% and a net margin of 15.59%.The company had revenue of $74.94 million during the quarter, compared to the consensus estimate of $78.31 million. Sell-side analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NewtekOne

Several hedge funds have recently bought and sold shares of NEWT. Trust Co. of Vermont bought a new position in shares of NewtekOne in the 2nd quarter worth $29,000. Advisory Services Network LLC bought a new position in NewtekOne in the third quarter valued at $46,000. IFP Advisors Inc raised its position in NewtekOne by 74.9% during the second quarter. IFP Advisors Inc now owns 6,776 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 2,901 shares in the last quarter. CWM LLC lifted its stake in NewtekOne by 728.7% during the second quarter. CWM LLC now owns 8,610 shares of the business services provider’s stock worth $97,000 after purchasing an additional 7,571 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of NewtekOne in the 2nd quarter worth about $107,000. 38.35% of the stock is currently owned by institutional investors.

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.