Jump Financial LLC Purchases 22,672 Shares of NewtekOne, Inc. $NEWT

Jump Financial LLC boosted its position in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 217.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,114 shares of the business services provider's stock after buying an additional 22,672 shares during the period. Jump Financial LLC owned approximately 0.13% of NewtekOne worth $396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in NewtekOne by 8.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider's stock valued at $153,000 after buying an additional 980 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NewtekOne by 8.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock valued at $176,000 after buying an additional 1,081 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in NewtekOne by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock valued at $33,000 after buying an additional 1,703 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in NewtekOne by 66.2% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock valued at $70,000 after buying an additional 2,184 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in NewtekOne by 22.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider's stock valued at $181,000 after buying an additional 2,633 shares during the last quarter. 38.35% of the stock is owned by institutional investors.

NewtekOne Trading Down 2.5%

NEWT traded down $0.31 during trading hours on Friday, reaching $12.03. 126,317 shares of the company's stock traded hands, compared to its average volume of 166,509. The firm has a 50-day moving average price of $11.81 and a 200 day moving average price of $11.38. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $15.49. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 5.95. The firm has a market capitalization of $316.63 million, a PE ratio of 5.99 and a beta of 1.25.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. NewtekOne had a return on equity of 19.16% and a net margin of 14.65%.The company had revenue of $70.20 million during the quarter, compared to analysts' expectations of $73.88 million. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, sell-side analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEWT. Piper Sandler upped their price objective on NewtekOne from $11.50 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lowered their price objective on NewtekOne from $13.00 to $12.00 and set a "market perform" rating for the company in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.00.

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.