NewtekOne, Inc. $NEWT Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its position in NewtekOne, Inc. by 246.2% in Q1, now owning 38,542 shares valued at approximately $461,000.
• Several institutional investors, including Cambridge Investment Research Advisors Inc. and Tower Research Capital LLC TRC, have also increased their stakes, highlighting growing interest in NewtekOne.
• The stock currently has an average rating of "Hold" with a consensus price target of $13.00, while NewtekOne recently reported an EPS of $0.52, exceeding estimates.

Dynamic Technology Lab Private Ltd grew its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 246.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,542 shares of the business services provider's stock after acquiring an additional 27,409 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.15% of NewtekOne worth $461,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in NewtekOne during the 1st quarter valued at approximately $1,877,000. AQR Capital Management LLC increased its holdings 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 valued at $2,012,000 after purchasing an additional 126,865 shares during the period. Wellington Management Group LLP increased its holdings in NewtekOne by 66.2% in the 4th quarter. Wellington Management Group LLP now owns 253,627 shares of the business services provider's stock worth $3,239,000 after buying an additional 100,989 shares during the period. Royce & Associates LP increased its holdings in NewtekOne by 16.2% in the 1st quarter. Royce & Associates LP now owns 520,035 shares of the business services provider's stock worth $6,220,000 after buying an additional 72,574 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of NewtekOne in the first quarter worth $758,000. Institutional investors and hedge funds own 38.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NEWT. Piper Sandler increased their price target on NewtekOne from $11.50 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. B. Riley assumed coverage on NewtekOne in a report on Monday. They set a "buy" rating and a $18.00 target price on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of NewtekOne from $13.00 to $12.00 and set a "market perform" rating on the stock in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

NewtekOne Price Performance

NEWT traded up $0.20 during trading on Wednesday, hitting $12.05. The company's stock had a trading volume of 34,445 shares, compared to its average volume of 217,788. The business's fifty day simple moving average is $11.82 and its 200 day simple moving average is $11.35. NewtekOne, Inc. has a twelve month low of $9.12 and a twelve month high of $15.49. The firm has a market capitalization of $317.16 million, a price-to-earnings ratio of 6.00 and a beta of 1.25. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 5.95.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its earnings results on Monday, July 28th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. NewtekOne had a net margin of 14.65% and a return on equity of 19.16%. The business had revenue of $70.20 million for the quarter, compared to analyst estimates of $73.88 million. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. On average, equities research analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 9th. NewtekOne's payout ratio is 37.81%.

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.