NewtekOne, Inc. (NASDAQ:NEWT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 1,280.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,740 shares of the business services provider's stock after acquiring an additional 93,440 shares during the quarter. International Assets Investment Management LLC owned approximately 0.41% of NewtekOne worth $1,390,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in NewtekOne by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 72,151 shares of the business services provider's stock worth $1,064,000 after purchasing an additional 1,798 shares during the last quarter. SG Americas Securities LLC grew its holdings in NewtekOne by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 13,058 shares of the business services provider's stock worth $180,000 after purchasing an additional 3,082 shares during the last quarter. Barclays PLC purchased a new position in NewtekOne in the second quarter worth $74,000. Raymond James & Associates grew its holdings in NewtekOne by 12.5% in the third quarter. Raymond James & Associates now owns 53,465 shares of the business services provider's stock worth $789,000 after purchasing an additional 5,953 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in NewtekOne by 10.4% in the third quarter. Ancora Advisors LLC now owns 82,806 shares of the business services provider's stock worth $1,221,000 after purchasing an additional 7,811 shares during the last quarter. 38.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NEWT shares. Keefe, Bruyette & Woods lowered their price objective on shares of NewtekOne from $16.00 to $13.00 and set a "market perform" rating for the company in a research note on Wednesday, March 20th. B. Riley reiterated a "buy" rating and set a $18.00 price objective (down from $19.00) on shares of NewtekOne in a research note on Thursday, March 7th. Finally, Piper Sandler lowered their price objective on shares of NewtekOne from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.50.

NewtekOne Stock Performance

NEWT traded up $0.16 during midday trading on Monday, hitting $11.06. 70,534 shares of the company were exchanged, compared to its average volume of 142,956. The company's 50 day simple moving average is $11.27 and its 200 day simple moving average is $12.73. The firm has a market capitalization of $273.28 million, a price-to-earnings ratio of 6.73 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.83. NewtekOne, Inc. has a 1-year low of $10.07 and a 1-year high of $19.36.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.05). The company had revenue of $75.60 million for the quarter, compared to analyst estimates of $62.99 million. NewtekOne had a return on equity of 20.04% and a net margin of 15.19%. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, sell-side analysts predict that NewtekOne, Inc. will post 1.83 earnings per share for the current year.

NewtekOne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, March 28th. This is a positive change from NewtekOne's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 6.87%. NewtekOne's dividend payout ratio (DPR) is currently 46.91%.

About NewtekOne

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.