NewtekOne, Inc. (NASDAQ:NEWT) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its position in NewtekOne, Inc. (NASDAQ:NEWT) by 328.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,516 shares of the business services provider’s stock after purchasing an additional 37,968 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.19% of NewtekOne worth $632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted 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 valued at $33,000 after purchasing an additional 1,703 shares during the last quarter. Quantbot Technologies LP acquired a new stake in NewtekOne during the fourth quarter valued at approximately $55,000. Nisa Investment Advisors LLC lifted its stake in NewtekOne by 137.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 2,500 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in NewtekOne by 66.2% during the fourth 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 last quarter. Finally, SG Americas Securities LLC lifted its stake in NewtekOne by 39.0% during the fourth quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 3,166 shares during the last quarter. Institutional investors own 38.35% of the company’s stock.

NewtekOne Trading Up 0.3%

Shares of NEWT stock opened at $11.22 on Friday. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The company has a market capitalization of $295.56 million, a P/E ratio of 6.27 and a beta of 1.26. The firm has a 50-day moving average price of $11.03 and a 200 day moving average price of $12.50. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data 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 firm had revenue of $66.33 million during the quarter, compared to analysts’ expectations of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. Research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend was Tuesday, April 15th. NewtekOne’s dividend payout ratio is 39.58%.

Insider Transactions at NewtekOne

In other news, CEO Barry Sloane acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $11.61 per share, for a total transaction of $116,100.00. Following the completion of the acquisition, the chief executive officer now 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 legal filing with the SEC, which is available at the SEC website. Insiders acquired a total of 14,000 shares of company stock worth $159,590 in the last quarter. 6.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on NEWT shares. Compass Point upped their price target on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. 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.

NewtekOne Company Profile

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.