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 reduced its stake in shares of 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 quarter. Wellington Management Group LLP owned 0.38% of NewtekOne worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NEWT. Algert Global LLC raised its stake in shares of NewtekOne by 27.6% in the 1st quarter. Algert Global LLC now owns 25,843 shares of the business services provider's stock valued at $309,000 after buying an additional 5,590 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of NewtekOne in the first quarter valued at about $126,000. Russell Investments Group Ltd. lifted its position in NewtekOne by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 48,432 shares of the business services provider's stock worth $579,000 after purchasing an additional 6,053 shares during the period. Nuveen LLC acquired a new position in NewtekOne during the first quarter worth about $758,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in NewtekOne by 37.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 158,982 shares of the business services provider's stock valued at $1,901,000 after purchasing an additional 43,161 shares during the period. Institutional investors and hedge funds own 38.35% of the company's stock.

NewtekOne Stock Performance

NewtekOne stock traded down $0.20 during mid-day trading on Friday, hitting $12.15. The company had a trading volume of 21,104 shares, compared to its average volume of 220,226. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The company has a market capitalization of $319.66 million, a price-to-earnings ratio of 6.04 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. The company's fifty day moving average is $11.80 and its 200-day moving average is $11.41.

NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $0.52 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 firm 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. Equities research analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on NEWT shares. Piper Sandler increased their price target on shares of 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 target on NewtekOne from $13.00 to $12.00 and set a "market perform" rating for the company in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, NewtekOne currently has an average rating of "Hold" and an average price target of $13.00.

About NewtekOne

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.