Cubist Systematic Strategies LLC Purchases 37,968 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Cubist Systematic Strategies LLC boosted its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 328.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 49,516 shares of the business services provider’s stock after buying an additional 37,968 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in NewtekOne were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in NewtekOne by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 584,541 shares of the business services provider’s stock worth $7,467,000 after acquiring an additional 10,933 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NewtekOne by 68.3% in the fourth quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider’s stock valued at $3,563,000 after purchasing an additional 113,261 shares during the period. Wellington Management Group LLP raised its position in shares of NewtekOne by 66.2% in the fourth quarter. Wellington Management Group LLP now owns 253,627 shares of the business services provider’s stock valued at $3,239,000 after purchasing an additional 100,989 shares during the period. Northern Trust Corp raised its position in shares of NewtekOne by 9.6% in the fourth quarter. Northern Trust Corp now owns 210,102 shares of the business services provider’s stock valued at $2,683,000 after purchasing an additional 18,407 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of NewtekOne by 308.9% in the fourth quarter. JPMorgan Chase & Co. now owns 139,517 shares of the business services provider’s stock valued at $1,782,000 after purchasing an additional 105,397 shares during the period. 38.35% of the stock is owned by institutional investors.

NewtekOne Trading Up 0.3%

NEWT opened at $11.22 on Friday. The company’s 50 day moving average is $11.03 and its 200-day moving average is $12.50. NewtekOne, Inc. has a 1-year low of $9.12 and a 1-year high of $15.49. 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 company has a market cap of $295.56 million, a P/E ratio of 6.27 and a beta of 1.26.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Tuesday, May 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to analyst estimates of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. Equities research analysts predict that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.76 annualized dividend and a yield of 6.77%. NewtekOne’s payout ratio is 39.58%.

Insiders Place Their Bets

In other news, CEO Barry Sloane purchased 10,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $11.61 per share, for a total transaction of $116,100.00. Following the acquisition, the chief executive officer now owns 1,180,459 shares in the company, valued at $13,705,128.99. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 14,000 shares of company stock worth $159,590. 6.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NEWT has been the topic of several research analyst reports. Compass Point increased their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods dropped their price objective on shares of NewtekOne from $15.00 to $13.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th.

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.