Harbor Capital Advisors Inc. Sells 1,000 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Harbor Capital Advisors Inc. decreased its position in NewtekOne, Inc. (NASDAQ:NEWT) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,542 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in NewtekOne were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NEWT. FMR LLC grew its stake in NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 1,835 shares during the period. nVerses Capital LLC grew its position in shares of NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 2,900 shares during the period. BNP Paribas Financial Markets lifted its position in shares of NewtekOne by 28.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock valued at $173,000 after buying an additional 3,094 shares during the last quarter. Rhumbline Advisers grew its stake in shares of NewtekOne by 12.0% during the 2nd quarter. Rhumbline Advisers now owns 33,665 shares of the business services provider’s stock worth $423,000 after acquiring an additional 3,617 shares during the period. Finally, State Street Corp lifted its holdings in NewtekOne by 1.0% during the third quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock valued at $5,911,000 after purchasing an additional 4,595 shares during the last quarter. Institutional investors own 38.35% of the company’s stock.

NewtekOne Price Performance

Shares of NASDAQ:NEWT opened at $12.60 on Thursday. The company’s fifty day moving average is $13.60 and its 200 day moving average is $13.08. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98. NewtekOne, Inc. has a 52 week low of $10.07 and a 52 week high of $15.49. The stock has a market cap of $331.44 million, a PE ratio of 7.04 and a beta of 1.32.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The company had revenue of $83.12 million for the quarter, compared to the consensus estimate of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same period in the previous year, the firm earned $0.38 earnings per share. Research analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 6.03%. NewtekOne’s dividend payout ratio (DPR) is presently 42.46%.

Wall Street Analysts Forecast Growth

NEWT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price objective (up from $13.00) on shares of NewtekOne in a research note on Friday, November 8th. B. Riley lifted their price target on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Piper Sandler increased their price objective on NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, November 11th.

Insider Buying and Selling

In related news, CEO Barry Sloane purchased 3,000 shares of NewtekOne stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $12.95 per share, for a total transaction 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 $15,084,872.25. This represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 8,750 shares of company stock valued at $119,568 over the last quarter. 6.50% of the stock is owned by company insiders.

NewtekOne Company 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.