Insider Buying: NewtekOne (NASDAQ:NEWT) CEO Buys 11,000 Shares of Stock

NewtekOne, Inc. (NASDAQ:NEWT) CEO Barry Sloane acquired 11,000 shares of NewtekOne stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $14.21 per share, with a total value of $156,310.00. Following the completion of the purchase, the chief executive officer owned 1,176,914 shares of the company’s stock, valued at approximately $16,723,947.94. The trade was a 0.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NewtekOne Stock Performance

Shares of NASDAQ:NEWT traded down $0.09 during trading on Monday, hitting $13.92. The stock had a trading volume of 107,833 shares, compared to its average volume of 223,823. NewtekOne, Inc. has a 12-month low of $9.59 and a 12-month high of $14.91. The stock has a market capitalization of $401.59 million, a price-to-earnings ratio of 6.13 and a beta of 1.29. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.76. The stock has a 50-day simple moving average of $12.98 and a two-hundred day simple moving average of $12.54.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, equities research analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, June 24th. NewtekOne’s dividend payout ratio (DPR) is currently 33.48%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NEWT shares. Weiss Ratings upgraded NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Wall Street Zen raised NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Keefe, Bruyette & Woods raised their price objective on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Hedge Funds Weigh In On NewtekOne

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in NewtekOne by 3.8% during the fourth quarter. LPL Financial LLC now owns 21,220 shares of the business services provider’s stock worth $241,000 after buying an additional 775 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of NewtekOne by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 18,951 shares of the business services provider’s stock valued at $208,000 after buying an additional 1,209 shares during the period. Cerity Partners LLC raised its holdings in shares of NewtekOne by 18.0% in the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after buying an additional 2,095 shares during the period. Rhumbline Advisers raised its holdings in shares of NewtekOne by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock valued at $411,000 after buying an additional 2,108 shares during the period. Finally, Man Group plc raised its holdings in shares of NewtekOne by 6.1% in the 2nd quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock valued at $453,000 after buying an additional 2,304 shares during the period. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Company 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.