Wellington Management Group LLP Sells 154,951 Shares of NewtekOne, Inc. $NEWT

Key Points

• Wellington Management Group LLP significantly reduced its stake in NewtekOne, Inc. by 61.1% in the first quarter, selling 154,951 shares and retaining around 98,676 shares worth approximately $1.18 million.
• NewtekOne's recent earnings report showed a net margin of 14.65% with earnings per share of $0.52, slightly surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.19, translating to an annual yield of 6.1%, demonstrating a robust dividend payout ratio of 37.81%.

Wellington Management Group LLP cut its holdings in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 61.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,676 shares of the business services provider's stock after selling 154,951 shares during the period. Wellington Management Group LLP owned 0.38% of NewtekOne worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NEWT. Tower Research Capital LLC TRC raised its holdings in NewtekOne by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock worth $33,000 after purchasing an additional 1,703 shares during the period. Aquatic Capital Management LLC raised its stake in shares of NewtekOne by 66.2% in the fourth 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 period. XTX Topco Ltd purchased a new position in shares of NewtekOne during the 1st quarter valued at about $126,000. Kovitz Investment Group Partners LLC bought a new position in shares of NewtekOne during the 1st quarter valued at approximately $126,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 acquiring an additional 980 shares during the period. Institutional investors own 38.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on NEWT shares. Piper Sandler raised their target price on shares of NewtekOne from $11.50 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods lowered their target price 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. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.00.

NewtekOne Price Performance

NewtekOne stock traded up $0.21 during midday trading on Thursday, reaching $12.45. 78,946 shares of the stock traded hands, compared to its average volume of 220,750. The stock has a market cap of $327.71 million, a P/E ratio of 6.19 and a beta of 1.25. The stock's fifty day moving average is $11.78 and its 200-day moving average is $11.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 5.95. 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 released its quarterly earnings data on Monday, July 28th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $70.20 million for the quarter, compared to the consensus estimate of $73.88 million. NewtekOne had a return on equity of 19.16% and a net margin of 14.65%. NewtekOne has set its FY 2025 guidance at 2.100-2.500 EPS. As a group, equities research analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Wednesday, July 9th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Wednesday, July 9th. NewtekOne's dividend payout ratio (DPR) is presently 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.