NewtekOne, Inc. (NASDAQ:NEWT – Get Free Report) CEO Barry Sloane bought 5,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $14.20 per share, for a total transaction of $71,000.00. Following the completion of the acquisition, the chief executive officer owned 1,181,914 shares in the company, valued at $16,783,178.80. This represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Barry Sloane also recently made the following trade(s):
- On Monday, June 15th, Barry Sloane bought 11,000 shares of NewtekOne stock. The shares were acquired at an average cost of $14.21 per share, for a total transaction of $156,310.00.
NewtekOne Trading Down 2.0%
NASDAQ:NEWT opened at $13.72 on Tuesday. The firm has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $12.57. NewtekOne, Inc. has a one year low of $9.59 and a one year high of $14.91. The firm 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 debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64.
NewtekOne Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, June 24th. NewtekOne’s dividend payout ratio (DPR) is 33.48%.
Institutional Investors Weigh In On NewtekOne
Hedge funds and other institutional investors have recently bought and sold shares of the company. Patriot Financial Partners GP II L.P. acquired a new position in shares of NewtekOne during the third quarter worth $26,423,000. North Reef Capital Management LP purchased a new stake in shares of NewtekOne during the 3rd quarter valued at $4,430,000. Price T Rowe Associates Inc. MD boosted its position in shares of NewtekOne by 1,987.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 357,106 shares of the business services provider’s stock worth $4,054,000 after purchasing an additional 340,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NewtekOne by 119.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 549,239 shares of the business services provider’s stock worth $6,234,000 after purchasing an additional 298,830 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in NewtekOne by 111.5% during the 2nd quarter. AQR Capital Management LLC now owns 355,847 shares of the business services provider’s stock worth $4,014,000 after buying an additional 187,578 shares during the last quarter. Hedge funds and other institutional investors own 38.35% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Keefe, Bruyette & Woods raised their price objective on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.
Get Our Latest Analysis on NEWT
NewtekOne Company Profile
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.
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