Quantbot Technologies LP Takes Position in NewtekOne, Inc. (NASDAQ:NEWT)

Quantbot Technologies LP bought a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,283 shares of the business services provider’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC raised its stake in NewtekOne by 253.5% during the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after acquiring an additional 1,835 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of NewtekOne by 137.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after purchasing an additional 2,500 shares during the last quarter. SG Americas Securities LLC increased its position in shares of NewtekOne by 39.0% during the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock worth $144,000 after purchasing an additional 3,166 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in 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 purchasing an additional 3,094 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in NewtekOne in the third quarter valued at about $197,000. Institutional investors own 38.35% of the company’s stock.

NewtekOne Trading Up 1.0 %

NEWT opened at $12.08 on Wednesday. NewtekOne, Inc. has a 1-year low of $10.66 and a 1-year high of $15.49. The stock has a market capitalization of $317.60 million, a PE ratio of 6.75 and a beta of 1.33. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The firm has a 50-day moving average price of $12.63 and a two-hundred day moving average price of $13.01.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The business had revenue of $75.37 million during the quarter, compared to analyst estimates of $69.55 million. As a group, equities analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.29%. NewtekOne’s payout ratio is currently 38.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEWT. B. Riley raised their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Compass Point raised their price target on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, NewtekOne currently has an average rating of “Hold” and an average target price of $14.50.

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.