Segall Bryant & Hamill LLC increased its holdings in NewtekOne, Inc. (NASDAQ:NEWT – Free Report) by 126.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,433 shares of the business services provider’s stock after purchasing an additional 35,369 shares during the quarter. Segall Bryant & Hamill LLC owned 0.22% of NewtekOne worth $695,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Huber Capital Management LLC acquired a new stake in shares of NewtekOne during the 4th quarter valued at $978,000. GSA Capital Partners LLP acquired a new position in shares of NewtekOne in the 4th quarter worth $1,126,000. Jefferies Financial Group Inc. acquired a new position in shares of NewtekOne in the 4th quarter worth $397,000. Quantinno Capital Management LP raised its position in shares of NewtekOne by 98.6% during the first quarter. Quantinno Capital Management LP now owns 80,543 shares of the business services provider’s stock worth $882,000 after purchasing an additional 39,990 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of NewtekOne by 13.7% during the fourth quarter. Kestra Advisory Services LLC now owns 17,742 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 2,136 shares during the last quarter. 38.35% of the stock is owned by institutional investors and hedge funds.
NewtekOne Price Performance
Shares of NEWT opened at $15.13 on Thursday. The business’s 50-day moving average is $14.32 and its 200-day moving average is $13.28. The company has a debt-to-equity ratio of 6.76, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $437.11 million, a price-to-earnings ratio of 6.67 and a beta of 1.27. NewtekOne, Inc. has a fifty-two week low of $9.59 and a fifty-two week high of $15.69.
NewtekOne Announces Dividend
Insider Transactions at NewtekOne
In related news, CEO Barry Sloane bought 5,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average price of $14.20 per share, with a total value of $71,000.00. Following the purchase, the chief executive officer directly owned 1,181,914 shares of the company’s stock, valued at approximately $16,783,178.80. This represents a 0.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 19,567 shares of company stock valued at $275,026. 5.90% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on NEWT shares. Weiss Ratings raised NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Keefe, Bruyette & Woods raised their target price on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Raymond James Financial raised shares of NewtekOne to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.
Check Out Our Latest Analysis on NEWT
NewtekOne 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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