NewtekOne, Inc. (NASDAQ:NEWT) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 66.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,627 shares of the business services provider's stock after acquiring an additional 100,989 shares during the quarter. Wellington Management Group LLP owned 0.96% of NewtekOne worth $3,239,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of NewtekOne by 116.6% in the fourth quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock valued at $1,435,000 after purchasing an additional 60,518 shares during the period. Bailard Inc. acquired a new stake in NewtekOne during the 4th quarter worth approximately $257,000. 1620 Investment Advisors Inc. acquired a new stake in NewtekOne during the 4th quarter worth approximately $432,000. Geode Capital Management LLC boosted its position in NewtekOne by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 584,541 shares of the business services provider's stock valued at $7,467,000 after buying an additional 10,933 shares during the period. Finally, Jackson Thornton Wealth Management LLC acquired a new position in shares of NewtekOne in the fourth quarter worth $339,000. 38.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEWT has been the topic of several analyst reports. Compass Point increased their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Keefe, Bruyette & Woods cut their price target on NewtekOne from $15.00 to $13.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th.

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $11.23 per share, for a total transaction of $112,300.00. Following the completion of the purchase, the chief executive officer now directly owns 1,190,459 shares in the company, valued at $13,368,854.57. This trade represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 35,000 shares of company stock valued at $391,635. 6.50% of the stock is currently owned by corporate insiders.

NewtekOne Stock Up 1.9%

NewtekOne stock traded up $0.20 during trading on Friday, reaching $10.77. The stock had a trading volume of 195,549 shares, compared to its average volume of 191,137. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $15.49. The stock has a market cap of $283.70 million, a PE ratio of 6.02 and a beta of 1.22. The business has a 50 day moving average price of $10.60 and a 200 day moving average price of $12.14.

NewtekOne (NASDAQ:NEWT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to analysts' expectations of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. On average, analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend was Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is 39.58%.

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.