32,043 Shares in NewtekOne, Inc. (NASDAQ:NEWT) Bought by AQR Capital Management LLC

AQR Capital Management LLC acquired a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,043 shares of the business services provider’s stock, valued at approximately $403,000. AQR Capital Management LLC owned 0.13% of NewtekOne at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ancora Advisors LLC grew its holdings in NewtekOne by 43.5% in the first quarter. Ancora Advisors LLC now owns 130,933 shares of the business services provider’s stock valued at $1,440,000 after purchasing an additional 39,659 shares during the last quarter. Vanguard Group Inc. grew its holdings in NewtekOne by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock valued at $15,055,000 after purchasing an additional 17,505 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in NewtekOne by 124.5% in the first quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 7,961 shares during the last quarter. Marshall Wace LLP grew its holdings in NewtekOne by 200.3% in the second quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock valued at $3,401,000 after purchasing an additional 180,468 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in NewtekOne in the second quarter valued at $506,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Trading Up 1.7 %

NASDAQ:NEWT opened at $13.19 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.96. The business’s 50 day moving average is $12.18 and its two-hundred day moving average is $12.52. NewtekOne, Inc. has a 52 week low of $10.07 and a 52 week high of $15.75. The company has a market cap of $326.24 million, a PE ratio of 8.51 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings results on Monday, August 5th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $81.37 million for the quarter, compared to the consensus estimate of $59.68 million. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. During the same quarter last year, the business posted $0.26 EPS. On average, analysts predict that NewtekOne, Inc. will post 1.9 EPS for the current year.

NewtekOne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Thursday, October 10th. NewtekOne’s dividend payout ratio (DPR) is presently 49.03%.

Wall Street Analysts Forecast Growth

Separately, B. Riley downgraded NewtekOne from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $13.00 in a research report on Wednesday, September 4th.

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane purchased 6,649 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $12.13 per share, with a total value of $80,652.37. Following the completion of the transaction, the chief executive officer now owns 1,147,323 shares of the company’s stock, valued at approximately $13,917,027.99. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 48,283 shares of company stock valued at $569,472 over the last three months. Company insiders own 6.40% of the company’s stock.

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.