GSA Capital Partners LLP Invests $1.13 Million in NewtekOne, Inc. $NEWT

GSA Capital Partners LLP bought a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT) during the 4th quarter, Holdings Channel reports. The firm bought 99,170 shares of the business services provider’s stock, valued at approximately $1,126,000.

Several other large investors also recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in shares of NewtekOne by 6.1% during the second quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,108 shares during the last quarter. Man Group plc grew its holdings in shares of NewtekOne by 6.1% during the second quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock worth $453,000 after purchasing an additional 2,304 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of NewtekOne during the third quarter worth $46,000. First Trust Advisors LP grew its holdings in shares of NewtekOne by 4.6% during the second quarter. First Trust Advisors LP now owns 96,747 shares of the business services provider’s stock worth $1,091,000 after purchasing an additional 4,251 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of NewtekOne by 13.8% during the second quarter. Invesco Ltd. now owns 46,649 shares of the business services provider’s stock worth $526,000 after purchasing an additional 5,662 shares during the last quarter. Institutional investors own 38.35% of the company’s stock.

NewtekOne Stock Up 0.2%

Shares of NEWT opened at $13.29 on Friday. NewtekOne, Inc. has a 12-month low of $9.59 and a 12-month high of $14.91. The firm has a market capitalization of $383.55 million, a PE ratio of 5.85 and a beta of 1.28. The stock’s fifty day simple moving average is $12.28 and its 200-day simple moving average is $12.16.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.The business had revenue of $88.18 million for the quarter, compared to analyst estimates of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. Analysts anticipate that NewtekOne, Inc. will post 2.38 EPS for the current year.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, March 24th. NewtekOne’s dividend payout ratio is 33.48%.

Analysts Set New Price Targets

Several brokerages have recently commented on NEWT. Keefe, Bruyette & Woods increased their target price on NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of NewtekOne in a report on Thursday, January 22nd. Piper Sandler increased their target price on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded NewtekOne from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.