NewtekOne, Inc. (NASDAQ:NEWT) Holdings Lowered by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 43.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,416 shares of the business services provider’s stock after selling 18,099 shares during the quarter. Jane Street Group LLC owned about 0.09% of NewtekOne worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in shares of NewtekOne by 1,146.0% in the 3rd quarter. International Assets Investment Management LLC now owns 61,054 shares of the business services provider’s stock worth $761,000 after purchasing an additional 56,154 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of NewtekOne in the 3rd quarter worth approximately $1,902,000. FMR LLC raised its holdings in shares of NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of NewtekOne by 200.3% in the 2nd quarter. Marshall Wace LLP now owns 270,549 shares of the business services provider’s stock worth $3,401,000 after purchasing an additional 180,468 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of NewtekOne by 1.0% in the 3rd quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock worth $5,911,000 after purchasing an additional 4,595 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors.

NewtekOne Stock Down 3.3 %

NEWT stock opened at $12.10 on Friday. The company’s 50 day simple moving average is $13.67 and its 200-day simple moving average is $13.08. NewtekOne, Inc. has a 52-week low of $10.07 and a 52-week high of $15.49. The firm has a market capitalization of $318.29 million, a P/E ratio of 6.76 and a beta of 1.32. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The firm had revenue of $83.12 million for the quarter, compared to the consensus estimate of $61.76 million. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities research analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date is Tuesday, December 31st. NewtekOne’s payout ratio is presently 42.46%.

Insider Activity at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 3,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $12.95 per share, with a total value of $38,850.00. Following the completion of the transaction, the chief executive officer now directly owns 1,164,855 shares of the company’s stock, valued at approximately $15,084,872.25. The trade was a 0.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 8,750 shares of company stock valued at $119,568. Corporate insiders own 6.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEWT. B. Riley boosted their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price target (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Finally, Piper Sandler boosted their price target on shares of NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, November 11th.

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.