NewtekOne (NASDAQ:NEWT) CEO Barry Sloane Purchases 3,595 Shares

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 3,595 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were bought at an average cost of $13.91 per share, with a total value of $50,006.45. Following the completion of the acquisition, the chief executive officer directly owned 1,194,180 shares in the company, valued at approximately $16,611,043.80. This represents a 0.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 3rd, Barry Sloane bought 10,000 shares of NewtekOne stock. The shares were bought at an average cost of $10.22 per share, for a total transaction of $102,200.00.

NewtekOne Trading Up 2.9%

Shares of NewtekOne stock opened at $14.59 on Friday. The company has a market capitalization of $421.51 million, a P/E ratio of 6.54 and a beta of 1.23. The stock has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $11.49. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $14.68. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 5.69.

NewtekOne (NASDAQ:NEWT) last announced 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 net margin of 15.59% and a return on equity of 19.93%. The company had revenue of $74.94 million during the quarter, compared to the consensus estimate of $78.31 million. On average, sell-side analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

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

Institutional Investors Weigh In On NewtekOne

Several institutional investors have recently added to or reduced their stakes in NEWT. Prudential Financial Inc. lifted its position in shares of NewtekOne by 190.5% during the second quarter. Prudential Financial Inc. now owns 212,228 shares of the business services provider’s stock worth $2,394,000 after acquiring an additional 139,177 shares in the last quarter. Boston Partners bought a new position in NewtekOne in the 2nd quarter worth about $801,000. Los Angeles Capital Management LLC boosted its stake in 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 worth $775,000 after purchasing an additional 26,109 shares during the period. Magnetar Financial LLC grew its holdings in NewtekOne by 304.3% during the 2nd quarter. Magnetar Financial LLC now owns 54,039 shares of the business services provider’s stock valued at $610,000 after buying an additional 40,672 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position 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 valued at $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.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEWT. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of NewtekOne in a research report on Friday, September 19th. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings restated a “hold (c)” rating on shares of NewtekOne in a report on Wednesday, October 8th. Finally, 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 research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.50.

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.