Y Intercept Hong Kong Ltd Takes $244,000 Position in NewtekOne, Inc. (NASDAQ:NEWT)

Y Intercept Hong Kong Ltd purchased a new stake in NewtekOne, Inc. (NASDAQ:NEWT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,390 shares of the business services provider’s stock, valued at approximately $244,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of NewtekOne as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of 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 worth $33,000 after acquiring an additional 1,703 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of NewtekOne during the 4th quarter worth approximately $55,000. Aquatic Capital Management LLC raised its stake in shares of NewtekOne by 66.2% during the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider’s stock worth $70,000 after acquiring an additional 2,184 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of NewtekOne by 8.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,780 shares of the business services provider’s stock worth $153,000 after acquiring an additional 980 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NewtekOne by 8.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider’s stock worth $176,000 after acquiring an additional 1,081 shares in the last quarter. Institutional investors own 38.35% of the company’s stock.

NewtekOne Stock Performance

NASDAQ:NEWT opened at $11.40 on Thursday. The company has a debt-to-equity ratio of 6.16, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $11.18 and a two-hundred day moving average of $11.58. The stock has a market capitalization of $300.28 million, a PE ratio of 5.67 and a beta of 1.21. NewtekOne, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $15.49.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Monday, July 28th. The business services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $70.20 million during the quarter, compared to analysts’ expectations of $73.88 million. NewtekOne had a net margin of 14.65% and a return on equity of 19.48%. As a group, research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Wednesday, July 9th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Wednesday, July 9th. NewtekOne’s dividend payout ratio (DPR) is 39.58%.

Insider Activity

In other news, CEO Barry Sloane acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average price of $10.86 per share, with a total value of $108,600.00. Following the completion of the acquisition, the chief executive officer owned 1,200,459 shares of the company’s stock, valued at $13,036,984.74. This trade represents a 0.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought a total of 36,500 shares of company stock valued at $406,175 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of NewtekOne from $13.00 to $12.00 and set a “market perform” rating on the stock in a research report on Friday, July 11th. Piper Sandler upped their price objective on shares of NewtekOne from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday.

NewtekOne Company 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.