NewtekOne, Inc. (NASDAQ:NEWT) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its holdings in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 42.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 751,292 shares of the business services provider’s stock after selling 548,506 shares during the period. Royce & Associates LP’s holdings in NewtekOne were worth $9,361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in NewtekOne in the second quarter valued at approximately $62,000. nVerses Capital LLC lifted its position in shares of NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after buying an additional 2,900 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of NewtekOne by 36.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after buying an additional 2,002 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of NewtekOne in the 3rd quarter valued at $101,000. Finally, Kinloch Capital LLC purchased a new position in shares of NewtekOne in the 1st quarter valued at $148,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Stock Down 0.8 %

NEWT stock opened at $14.06 on Monday. The company has a market cap of $369.92 million, a price-to-earnings ratio of 7.85 and a beta of 1.29. The company has a fifty day moving average price of $12.84 and a 200 day moving average price of $12.90. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 1.42. NewtekOne, Inc. has a 12 month low of $10.07 and a 12 month high of $15.49.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The business had revenue of $83.12 million during the quarter, compared to analysts’ expectations of $61.76 million. During the same period in the prior year, the company earned $0.38 earnings per share. Sell-side analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Thursday, October 10th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a yield of 5.41%. NewtekOne’s payout ratio is 42.46%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEWT shares. B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $13.00 in a research report on Wednesday, September 4th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price (up from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Finally, Piper Sandler raised their price target on NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

Insider Buying and Selling at NewtekOne

In other news, CEO Barry Sloane bought 40,134 shares of NewtekOne stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $11.75 per share, for a total transaction of $471,574.50. Following the purchase, the chief executive officer now owns 1,187,457 shares of the company’s stock, valued at approximately $13,952,619.75. The trade was a 3.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have purchased 41,634 shares of company stock worth $488,820. 6.50% of the stock is currently owned by insiders.

About NewtekOne

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.