Raymond James & Associates decreased its position in shares of NewtekOne, Inc. (NASDAQ:NEWT – Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,512 shares of the business services provider’s stock after selling 7,784 shares during the quarter. Raymond James & Associates owned approximately 0.19% of NewtekOne worth $755,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Capital Market Strategies LLC acquired a new position in NewtekOne during the 2nd quarter worth $161,000. Putnam Investments LLC acquired a new position in NewtekOne during the 1st quarter worth $2,903,000. Ameriprise Financial Inc. lifted its holdings in NewtekOne by 26.3% during the 1st quarter. Ameriprise Financial Inc. now owns 15,421 shares of the business services provider’s stock worth $197,000 after buying an additional 3,209 shares in the last quarter. Ancora Advisors LLC lifted its holdings in NewtekOne by 368.5% during the 1st quarter. Ancora Advisors LLC now owns 63,618 shares of the business services provider’s stock worth $814,000 after buying an additional 50,040 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in NewtekOne during the 1st quarter worth $330,000. Institutional investors and hedge funds own 36.13% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. StockNews.com raised NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point increased their price target on NewtekOne from $10.50 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 30th. Keefe, Bruyette & Woods increased their price target on NewtekOne from $12.00 to $20.00 in a research note on Sunday, July 16th. Finally, B. Riley increased their price target on NewtekOne from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, NewtekOne has a consensus rating of “Hold” and an average price target of $17.50.
NewtekOne Stock Performance
Shares of NewtekOne stock opened at $15.64 on Monday. The company has a market capitalization of $385.85 million, a PE ratio of 14.35 and a beta of 1.38. NewtekOne, Inc. has a 12 month low of $10.75 and a 12 month high of $20.83. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 5.70. The stock’s fifty day simple moving average is $15.23 and its 200 day simple moving average is $15.20.
NewtekOne Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Tuesday, October 10th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Friday, October 6th. NewtekOne’s payout ratio is presently 66.06%.
Insider Buying and Selling
In other NewtekOne news, CEO Barry Sloane acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average price of $17.27 per share, with a total value of $34,540.00. Following the purchase, the chief executive officer now owns 1,128,048 shares of the company’s stock, valued at approximately $19,481,388.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have acquired 9,000 shares of company stock valued at $150,310. 6.40% of the stock is owned by company insiders.
NewtekOne Company Profile
NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.
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