NewtekOne, Inc. (NASDAQ:NEWT) Short Interest Up 26.2% in May

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

NewtekOne Trading Down 3.2%

Shares of NEWT stock traded down $0.35 on Wednesday, hitting $10.56. 146,736 shares of the stock traded hands, compared to its average volume of 192,159. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. NewtekOne has a twelve month low of $9.12 and a twelve month high of $15.49. The firm's 50-day moving average price is $10.68 and its two-hundred day moving average price is $12.22. The stock has a market capitalization of $278.17 million, a PE ratio of 5.90 and a beta of 1.22.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $66.33 million for the quarter, compared to analyst estimates of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. As a group, analysts anticipate that NewtekOne will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date was Tuesday, April 15th. NewtekOne's dividend payout ratio is presently 39.58%.

Wall Street Analysts Forecast Growth

NEWT has been the topic of a number of research reports. Compass Point raised their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. 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 research note on Thursday, May 8th.

Insider Activity at NewtekOne

In related news, CEO Barry Sloane bought 10,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $11.61 per share, for a total transaction of $116,100.00. Following the completion of the transaction, the chief executive officer now directly owns 1,180,459 shares in the company, valued at $13,705,128.99. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 35,000 shares of company stock worth $391,635 in the last 90 days. Corporate insiders own 6.50% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of NewtekOne by 8.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider's stock valued at $153,000 after buying an additional 980 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NewtekOne by 8.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider's stock valued at $176,000 after acquiring an additional 1,081 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in NewtekOne by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock worth $33,000 after purchasing an additional 1,703 shares during the period. Aquatic Capital Management LLC lifted its position in shares of NewtekOne by 66.2% during the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock worth $70,000 after purchasing an additional 2,184 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of NewtekOne by 22.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider's stock worth $181,000 after purchasing an additional 2,633 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

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.