NewtekOne, Inc. (NASDAQ:NEWT) Shares Sold by Barrett & Company Inc.

Barrett & Company Inc. lessened its stake in NewtekOne, Inc. (NASDAQ:NEWT) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,276 shares of the business services provider’s stock after selling 12,250 shares during the quarter. Barrett & Company Inc. owned 0.52% of NewtekOne worth $1,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position 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 in the last quarter. Quantbot Technologies LP acquired a new position in shares of NewtekOne during the 4th quarter worth $55,000. Aquatic Capital Management LLC boosted its position in shares of NewtekOne by 66.2% in the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider’s stock worth $70,000 after buying an additional 2,184 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in NewtekOne by 22.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,115 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 2,633 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Stock Down 0.5%

Shares of NASDAQ:NEWT opened at $10.39 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.16. The company has a market capitalization of $273.67 million, a P/E ratio of 5.41 and a beta of 1.22. NewtekOne, Inc. has a 52-week low of $9.12 and a 52-week high of $15.49. The stock’s fifty day simple moving average is $10.63 and its 200-day simple moving average is $11.97.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. NewtekOne had a net margin of 14.34% and a return on equity of 18.81%. The company had revenue of $66.33 million for the quarter, compared to analyst estimates of $63.15 million. As a group, equities research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 7.31%. The ex-dividend date of this dividend was Tuesday, April 15th. NewtekOne’s payout ratio is 39.58%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. 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 raised their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th.

Insider Buying and Selling

In other NewtekOne news, CEO Barry Sloane bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $11.61 per share, for a total transaction of $116,100.00. Following the completion of the purchase, the chief executive officer now owns 1,180,459 shares of the company’s stock, valued at $13,705,128.99. This trade represents a 0.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 35,000 shares of company stock worth $391,635. 6.50% of the stock is owned by insiders.

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.