Cubist Systematic Strategies LLC boosted its holdings in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 328.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,516 shares of the business services provider's stock after buying an additional 37,968 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.19% of NewtekOne worth $632,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $33,000 after purchasing an additional 1,703 shares during the period. Quantbot Technologies LP purchased a new position in shares of NewtekOne in the fourth quarter valued at $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of NewtekOne by 137.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock worth $56,000 after buying an additional 2,500 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in NewtekOne by 66.2% in the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock valued at $70,000 after purchasing an additional 2,184 shares during the period. Finally, SG Americas Securities LLC increased its stake in NewtekOne by 39.0% in the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider's stock worth $144,000 after acquiring an additional 3,166 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company's stock.
NewtekOne Stock Performance
NewtekOne stock traded down $0.14 during midday trading on Wednesday, reaching $11.10. 30,852 shares of the company traded hands, compared to its average volume of 191,538. 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 firm has a market capitalization of $292.40 million, a price-to-earnings ratio of 6.21 and a beta of 1.26. The business has a 50 day moving average of $10.99 and a two-hundred day moving average of $12.46. 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 issued its earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The company had revenue of $66.33 million for the quarter, compared to the consensus estimate of $63.15 million. As a group, research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current year.
NewtekOne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 6.85%. The ex-dividend date was Tuesday, April 15th. NewtekOne's payout ratio is currently 39.58%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on NEWT shares. Keefe, Bruyette & Woods dropped their price objective on shares of NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Compass Point lifted their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th.
Get Our Latest Research Report on NewtekOne
Insider Buying and Selling at NewtekOne
In related news, CEO Barry Sloane bought 10,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were acquired at an average price of $11.23 per share, with a total value of $112,300.00. Following the transaction, the chief executive officer now owns 1,190,459 shares of the company's stock, valued at $13,368,854.57. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 24,500 shares of company stock valued at $277,500 in the last quarter. 6.50% of the stock is owned by insiders.
NewtekOne Profile
(
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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