D. E. Shaw & Co. Inc. Acquires 44,969 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

D. E. Shaw & Co. Inc. boosted its holdings in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 73.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,855 shares of the business services provider's stock after purchasing an additional 44,969 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.40% of NewtekOne worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEWT. Geode Capital Management LLC raised its holdings in shares of NewtekOne by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 584,541 shares of the business services provider's stock worth $7,467,000 after buying an additional 10,933 shares during the period. Bank of New York Mellon Corp raised its holdings in NewtekOne by 68.3% in the fourth quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider's stock worth $3,563,000 after purchasing an additional 113,261 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NewtekOne by 66.2% during the fourth quarter. Wellington Management Group LLP now owns 253,627 shares of the business services provider's stock worth $3,239,000 after purchasing an additional 100,989 shares in the last quarter. Northern Trust Corp raised its stake in NewtekOne by 9.6% in the fourth quarter. Northern Trust Corp now owns 210,102 shares of the business services provider's stock valued at $2,683,000 after buying an additional 18,407 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in NewtekOne by 308.9% during the 4th quarter. JPMorgan Chase & Co. now owns 139,517 shares of the business services provider's stock valued at $1,782,000 after purchasing an additional 105,397 shares in the last quarter. Hedge funds and other institutional investors own 38.35% of the company's stock.

NewtekOne Stock Performance

NASDAQ:NEWT traded down $0.18 during trading hours on Wednesday, reaching $10.94. 18,419 shares of the company's stock were exchanged, compared to its average volume of 191,909. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a 1-year low of $9.12 and a 1-year high of $15.49. The company has a 50-day moving average of $10.82 and a 200 day moving average of $12.35. The firm has a market capitalization of $288.05 million, a price-to-earnings ratio of 6.11 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The company had revenue of $66.33 million for the quarter, compared to analyst estimates of $63.15 million. Research analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is presently 39.58%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEWT. Compass Point lifted their price target on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods dropped their target price on shares of NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a report on Thursday, May 8th.

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane acquired 10,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $11.61 per share, for a total transaction of $116,100.00. Following the purchase, the chief executive officer now directly owns 1,180,459 shares in the company, valued at $13,705,128.99. This trade represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders bought 24,500 shares of company stock worth $277,500. 6.50% of the stock is currently owned by company insiders.

NewtekOne Profile

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.