NewtekOne, Inc. (NASDAQ:NEWT) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC increased its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 96.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the business services provider’s stock after acquiring an additional 2,900 shares during the period. nVerses Capital LLC’s holdings in NewtekOne were worth $74,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEWT. Marshall Wace LLP boosted its position in shares of NewtekOne by 200.3% during the 2nd 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 in the last quarter. American Century Companies Inc. boosted its holdings in NewtekOne by 27.2% during the second quarter. American Century Companies Inc. now owns 190,712 shares of the business services provider’s stock worth $2,397,000 after buying an additional 40,738 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in NewtekOne in the second quarter worth approximately $506,000. Ancora Advisors LLC increased its holdings in shares of 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 buying an additional 39,659 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of NewtekOne during the 2nd quarter valued at $403,000. 38.35% of the stock is currently owned by institutional investors.

Insider Transactions at NewtekOne

In related news, CEO Barry Sloane acquired 40,134 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $11.75 per share, for a total transaction of $471,574.50. Following the purchase, the chief executive officer now owns 1,187,457 shares in the company, valued at $13,952,619.75. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 48,283 shares of company stock valued at $569,472 over the last three months. 6.40% of the stock is owned by corporate insiders.

NewtekOne Trading Down 2.0 %

NASDAQ NEWT opened at $13.46 on Tuesday. The firm’s 50 day moving average price is $12.30 and its two-hundred day moving average price is $12.58. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 1.42. NewtekOne, Inc. has a twelve month low of $10.07 and a twelve month high of $15.75. The stock has a market cap of $332.92 million, a price-to-earnings ratio of 8.68 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $0.26 earnings per share. Equities analysts anticipate that NewtekOne, Inc. will post 1.9 EPS for the current year.

NewtekOne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were issued a $0.19 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.65%. NewtekOne’s dividend payout ratio is 49.03%.

Wall Street Analysts Forecast Growth

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

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.