NewtekOne (NASDAQ:NEWT) CEO Barry Sloane Acquires 11,000 Shares of Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane bought 11,000 shares of NewtekOne stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $14.21 per share, with a total value of $156,310.00. Following the completion of the acquisition, the chief executive officer owned 1,176,914 shares of the company’s stock, valued at $16,723,947.94. The trade was a 0.94% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

NewtekOne Stock Down 2.0%

Shares of NEWT stock opened at $13.72 on Tuesday. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $14.91. The stock has a market cap of $395.96 million, a P/E ratio of 6.04 and a beta of 1.29. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. The company has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $12.57.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The business had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, research analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

NewtekOne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, June 24th. NewtekOne’s dividend payout ratio is currently 33.48%.

Hedge Funds Weigh In On NewtekOne

A number of hedge funds have recently modified their holdings of the company. Patriot Financial Partners GP II L.P. bought a new position in shares of NewtekOne in the third quarter worth approximately $26,423,000. Vanguard Group Inc. boosted its position in shares of NewtekOne by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,459,051 shares of the business services provider’s stock worth $16,706,000 after purchasing an additional 26,966 shares during the period. Marshall Wace LLP boosted its position in shares of NewtekOne by 42.9% during the second quarter. Marshall Wace LLP now owns 623,540 shares of the business services provider’s stock worth $7,034,000 after acquiring an additional 187,103 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NewtekOne by 119.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock worth $6,234,000 after acquiring an additional 298,830 shares during the last quarter. Finally, North Reef Capital Management LP bought a new position in shares of NewtekOne during the third quarter worth $4,430,000. 38.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NEWT has been the subject of a number of research reports. Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Keefe, Bruyette & Woods upped their price target on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NewtekOne presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.