Insider Buying: NewtekOne (NASDAQ:NEWT) CEO Acquires 11,000 Shares of Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 11,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $14.21 per share, for a total transaction of $156,310.00. Following the transaction, the chief executive officer owned 1,176,914 shares of the company’s stock, valued at $16,723,947.94. This represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NewtekOne Stock Down 0.6%

NEWT stock traded down $0.09 during trading on Monday, reaching $13.92. 107,833 shares of the company traded hands, compared to its average volume of 223,823. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $14.91. The business has a 50 day simple moving average of $12.98 and a 200 day simple moving average of $12.54. The company has a market capitalization of $401.59 million, a price-to-earnings ratio of 6.13 and a beta of 1.29. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.The company had revenue of $88.18 million for the quarter, compared to the consensus estimate of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, equities research analysts anticipate that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NEWT. Royal Bank of Canada raised its stake in shares of NewtekOne by 33.4% in the first quarter. Royal Bank of Canada now owns 23,639 shares of the business services provider’s stock worth $282,000 after purchasing an additional 5,916 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of NewtekOne by 306.4% in the first quarter. AQR Capital Management LLC now owns 168,269 shares of the business services provider’s stock worth $2,012,000 after purchasing an additional 126,865 shares during the last quarter. Jane Street Group LLC raised its stake in shares of NewtekOne by 24.7% in the first quarter. Jane Street Group LLC now owns 36,676 shares of the business services provider’s stock worth $439,000 after purchasing an additional 7,274 shares during the last quarter. Rhumbline Advisers raised its stake in shares of NewtekOne by 6.1% in the second quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,108 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of NewtekOne in the second quarter worth about $107,000. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NEWT shares. Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods increased their price target on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.