Huber Capital Management LLC Makes New Investment in NewtekOne, Inc. $NEWT

Huber Capital Management LLC purchased a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 86,207 shares of the business services provider’s stock, valued at approximately $978,000. Huber Capital Management LLC owned approximately 0.30% of NewtekOne at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of NewtekOne during the 3rd quarter worth about $46,000. Quantbot Technologies LP acquired a new position in shares of NewtekOne in the 2nd quarter worth approximately $107,000. Cerity Partners LLC grew its stake in shares of NewtekOne by 18.0% in the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after purchasing an additional 2,095 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of NewtekOne in the 3rd quarter worth approximately $191,000. Finally, Kestra Advisory Services LLC grew its stake in shares of NewtekOne by 13.7% in the 4th quarter. Kestra Advisory Services LLC now owns 17,742 shares of the business services provider’s stock worth $201,000 after purchasing an additional 2,136 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NEWT has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.00.

NewtekOne Stock Performance

Shares of NEWT opened at $14.00 on Friday. The company’s 50 day moving average price is $12.98 and its 200 day moving average price is $12.53. NewtekOne, Inc. has a 52 week low of $9.59 and a 52 week high of $14.91. The company has a market capitalization of $404.04 million, a PE ratio of 6.17 and a beta of 1.29. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64.

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

NewtekOne Company Profile

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.