North Reef Capital Management LP Trims Position in NewtekOne, Inc. $NEWT

North Reef Capital Management LP decreased its position in NewtekOne, Inc. (NASDAQ:NEWT) by 48.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,954 shares of the business services provider’s stock after selling 187,969 shares during the quarter. North Reef Capital Management LP’s holdings in NewtekOne were worth $2,179,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in NewtekOne in the third quarter worth about $46,000. Quantbot Technologies LP purchased a new stake in shares of NewtekOne during the 2nd quarter valued at about $107,000. Dumont & Blake Investment Advisors LLC bought a new position in shares of NewtekOne in the 1st quarter worth approximately $118,000. Cerity Partners LLC lifted its stake 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 worth $156,000 after purchasing an additional 2,095 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of NewtekOne in the third quarter worth approximately $191,000. Institutional investors own 38.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods lifted their price target on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Finally, Raymond James Financial raised shares of NewtekOne to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.

NewtekOne Stock Up 0.8%

NASDAQ NEWT opened at $14.43 on Friday. NewtekOne, Inc. has a 52 week low of $9.59 and a 52 week high of $15.69. 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 company has a market capitalization of $416.88 million, a P/E ratio of 6.36 and a beta of 1.27. The stock’s 50-day moving average price is $14.08 and its 200-day moving average price is $13.18.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $88.18 million during the quarter, compared to the consensus estimate 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 predict that NewtekOne, Inc. will post 2.36 earnings per share for the current year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 5.3%. NewtekOne’s payout ratio is currently 33.48%.

Insider Buying and Selling at NewtekOne

In other news, CEO Barry Sloane purchased 11,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $14.21 per share, for a total transaction of $156,310.00. Following the completion of the transaction, the chief executive officer directly owned 1,176,914 shares in the company, valued at $16,723,947.94. This trade represents a 0.94% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 20,567 shares of company stock valued at $288,496 in the last three months. Corporate insiders own 5.90% of the company’s stock.

About NewtekOne

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.