Royce & Associates LP raised its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 16.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 520,035 shares of the business services provider's stock after buying an additional 72,574 shares during the quarter. Royce & Associates LP owned about 1.98% of NewtekOne worth $6,220,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in NewtekOne by 8.3% during the 1st 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. American Century Companies Inc. lifted its stake in shares of NewtekOne by 116.6% during the 4th quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock worth $1,435,000 after purchasing an additional 60,518 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of NewtekOne during the 1st quarter worth $1,877,000. Nuveen Asset Management LLC lifted its stake in shares of NewtekOne by 59.3% during the 4th quarter. Nuveen Asset Management LLC now owns 68,230 shares of the business services provider's stock worth $871,000 after purchasing an additional 25,399 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of NewtekOne by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 584,541 shares of the business services provider's stock worth $7,467,000 after purchasing an additional 10,933 shares during the period. Institutional investors and hedge funds own 38.35% of the company's stock.
NewtekOne Stock Performance
NASDAQ:NEWT remained flat at $11.39 on Wednesday. The company's stock had a trading volume of 20,336 shares, compared to its average volume of 221,346. The stock has a market capitalization of $300.01 million, a PE ratio of 5.66 and a beta of 1.21. The company has a debt-to-equity ratio of 6.16, a quick ratio of 0.72 and a current ratio of 0.72. The business has a fifty day moving average of $11.17 and a two-hundred day moving average of $11.58. NewtekOne, Inc. has a 12 month low of $9.12 and a 12 month high of $15.49.
NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $70.20 million during the quarter, compared to analyst estimates of $73.88 million. NewtekOne had a return on equity of 19.48% and a net margin of 14.65%. As a group, analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.
NewtekOne Dividend Announcement
The company also recently declared 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. The ex-dividend date was Wednesday, July 9th. This represents a $0.76 annualized dividend and a yield of 6.67%. NewtekOne's dividend payout ratio is presently 39.58%.
Insider Buying and Selling
In other news, CEO Barry Sloane purchased 10,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was bought at an average cost of $10.86 per share, for a total transaction of $108,600.00. Following the completion of the purchase, the chief executive officer directly owned 1,200,459 shares of the company's stock, valued at $13,036,984.74. The trade was a 0.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 36,500 shares of company stock worth $406,175 in the last ninety days. Corporate insiders own 6.50% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on NEWT. Keefe, Bruyette & Woods reduced their price target on NewtekOne from $13.00 to $12.00 and set a "market perform" rating on the stock in a research note on Friday, July 11th. Piper Sandler increased their price target on NewtekOne from $11.50 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday.
View Our Latest Report on NewtekOne
NewtekOne Profile
(
Free Report)
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.
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