Price T Rowe Associates Inc. MD Increases Stock Position in NewtekOne, Inc. (NASDAQ:NEWT)

Price T Rowe Associates Inc. MD raised its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 22.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,115 shares of the business services provider’s stock after buying an additional 2,633 shares during the period. Price T Rowe Associates Inc. MD owned about 0.05% of NewtekOne worth $181,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in NewtekOne by 199.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider’s stock valued at $33,000 after buying an additional 1,703 shares during the period. Quantbot Technologies LP purchased a new stake in shares of NewtekOne in the 4th quarter worth about $55,000. Nisa Investment Advisors LLC lifted its position in shares of NewtekOne by 137.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after purchasing an additional 2,500 shares during the period. SG Americas Securities LLC lifted its position in shares of NewtekOne by 39.0% in the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock worth $144,000 after purchasing an additional 3,166 shares during the period. Finally, Semanteon Capital Management LP bought a new position in shares of NewtekOne in the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Stock Performance

NEWT opened at $11.20 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a market cap of $295.03 million, a price-to-earnings ratio of 6.26 and a beta of 1.26. The company’s 50 day moving average is $11.01 and its 200 day moving average is $12.48. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings data on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $66.33 million for the quarter, compared to the consensus estimate of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. On average, equities research analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.79%. The ex-dividend date was Tuesday, April 15th. NewtekOne’s dividend payout ratio is currently 39.58%.

Insider Buying and Selling at NewtekOne

In other news, CEO Barry Sloane purchased 10,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $11.61 per share, with a total value of $116,100.00. Following the completion of the acquisition, the chief executive officer now directly 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought 14,000 shares of company stock valued at $159,590 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Compass Point increased their price target 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. Keefe, Bruyette & Woods decreased 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 note on Thursday, May 8th.

NewtekOne 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.