NewtekOne, Inc. (NASDAQ:NEWT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in NewtekOne, Inc. (NASDAQ:NEWT) by 1,146.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,054 shares of the business services provider’s stock after acquiring an additional 56,154 shares during the period. International Assets Investment Management LLC owned 0.25% of NewtekOne worth $761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEWT. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 7,961 shares during the period. Vanguard Group Inc. boosted its stake 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 acquiring an additional 17,505 shares during the period. Kinloch Capital LLC acquired a new position in NewtekOne in the first quarter valued at approximately $148,000. Avenir Corp boosted its stake in NewtekOne by 46.6% in the first quarter. Avenir Corp now owns 59,800 shares of the business services provider’s stock valued at $658,000 after acquiring an additional 19,000 shares during the period. Finally, Ancora Advisors LLC boosted its stake 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 acquiring an additional 39,659 shares during the period. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CEO Barry Sloane bought 6,649 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $12.13 per share, with a total value of $80,652.37. Following the completion of the acquisition, the chief executive officer now directly owns 1,147,323 shares in the company, valued at approximately $13,917,027.99. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 48,283 shares of company stock valued at $569,472 over the last quarter. Corporate insiders own 6.50% of the company’s stock.

NewtekOne Stock Performance

NEWT opened at $13.20 on Wednesday. The business’s 50 day moving average is $12.45 and its 200-day moving average is $12.71. The stock has a market cap of $342.67 million, a PE ratio of 7.67 and a beta of 1.29. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.96. NewtekOne, Inc. has a twelve month low of $10.07 and a twelve month high of $15.65.

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

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Thursday, October 10th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.76 annualized dividend and a yield of 5.76%. NewtekOne’s payout ratio is 44.19%.

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.