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NewtekOne, Inc. (NASDAQ:NEWT) Short Interest Update

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NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 2,650,000 shares, a growth of 26.2% from the April 30th total of 2,100,000 shares. Currently, 10.8% of the company's stock are sold short. Based on an average trading volume of 273,200 shares, the short-interest ratio is presently 9.7 days.

Insider Activity at NewtekOne

In other news, CEO Barry Sloane purchased 10,000 shares of NewtekOne stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $11.23 per share, with a total value of $112,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,190,459 shares of the company's stock, valued at approximately $13,368,854.57. The trade was 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. Insiders bought 35,000 shares of company stock valued at $391,635 over the last 90 days. Corporate insiders own 6.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NEWT. SG Americas Securities LLC boosted its stake in shares of NewtekOne by 39.0% during 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. Bank of New York Mellon Corp boosted its stake in shares of NewtekOne by 68.3% during the 4th quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider's stock worth $3,563,000 after acquiring an additional 113,261 shares during the last quarter. Bailard Inc. purchased a new position in shares of NewtekOne during the 4th quarter worth $257,000. Bard Associates Inc. boosted its stake in shares of NewtekOne by 6.1% during the 4th quarter. Bard Associates Inc. now owns 127,657 shares of the business services provider's stock worth $1,654,000 after acquiring an additional 7,303 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of NewtekOne during the 4th quarter worth $1,125,000. Hedge funds and other institutional investors own 38.35% of the company's stock.

Wall Street Analyst Weigh In

NEWT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of NewtekOne from $15.00 to $13.00 and set a "market perform" rating for the company in a research 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.

View Our Latest Analysis on NewtekOne

NewtekOne Stock Performance

NASDAQ:NEWT traded up $0.20 during trading hours on Friday, reaching $10.77. The company had a trading volume of 195,549 shares, compared to its average volume of 192,321. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne has a 52 week low of $9.12 and a 52 week high of $15.49. The firm has a market cap of $283.70 million, a price-to-earnings ratio of 6.02 and a beta of 1.22. The firm's 50 day moving average price is $10.60 and its 200-day moving average price is $12.16.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to the consensus estimate of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. On average, analysts forecast that NewtekOne 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. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Tuesday, April 15th. NewtekOne's dividend payout ratio is presently 39.58%.

About NewtekOne

(Get 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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