Nuveen Asset Management LLC grew its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 68,230 shares of the business services provider's stock after acquiring an additional 25,399 shares during the quarter. Nuveen Asset Management LLC owned about 0.26% of NewtekOne worth $871,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NewtekOne by 8.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock valued at $176,000 after acquiring an additional 1,081 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of NewtekOne by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock valued at $33,000 after acquiring an additional 1,703 shares during the period. Aquatic Capital Management LLC lifted its position in shares of NewtekOne by 66.2% during the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after buying an additional 2,184 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of NewtekOne by 22.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider's stock worth $181,000 after buying an additional 2,633 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of NewtekOne by 39.0% during the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider's stock worth $144,000 after buying an additional 3,166 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, CEO Barry Sloane bought 10,000 shares of the stock in a transaction on Thursday, May 29th. The stock was acquired at an average price of $10.86 per share, with a total value of $108,600.00. Following the acquisition, the chief executive officer now directly owns 1,200,459 shares in the company, valued at approximately $13,036,984.74. This trade represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 35,000 shares of company stock valued at $391,635 in the last 90 days. Corporate insiders own 6.50% of the company's stock.
NewtekOne Price Performance
Shares of NEWT stock traded up $0.20 on Friday, hitting $10.77. 195,549 shares of the company's stock were exchanged, compared to its average volume of 191,137. NewtekOne, Inc. has a 12 month low of $9.12 and a 12 month high of $15.49. The company has a 50 day moving average of $10.60 and a 200 day moving average of $12.14. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $283.70 million, a P/E ratio of 6.02 and a beta of 1.22.
NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The business had revenue of $66.33 million during the quarter, compared to analysts' expectations of $63.15 million. On average, equities research analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.
NewtekOne Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a yield of 7.06%. NewtekOne's payout ratio is presently 39.58%.
Analyst Ratings Changes
Several brokerages recently weighed in on NEWT. Compass Point upped their price objective on NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods dropped their price objective on NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th.
Read Our Latest Report on NEWT
About NewtekOne
(
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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