Segall Bryant & Hamill LLC Has $695,000 Stake in NewtekOne, Inc. $NEWT

Segall Bryant & Hamill LLC lifted its position in NewtekOne, Inc. (NASDAQ:NEWT) by 126.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 63,433 shares of the business services provider’s stock after buying an additional 35,369 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in NewtekOne were worth $695,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in NewtekOne during the third quarter valued at approximately $46,000. Quantbot Technologies LP bought a new stake in NewtekOne in the second quarter worth approximately $107,000. Dumont & Blake Investment Advisors LLC acquired a new position in shares of NewtekOne during the 1st quarter worth $118,000. Cerity Partners LLC raised its holdings in shares of NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of NewtekOne during the 3rd quarter valued at $191,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

NewtekOne Stock Performance

Shares of NASDAQ NEWT opened at $15.13 on Thursday. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $15.69. The company has a market cap of $437.11 million, a P/E ratio of 6.67 and a beta of 1.27. The business’s 50 day moving average is $14.32 and its two-hundred day moving average is $13.28. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.76.

NewtekOne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 5.0%. NewtekOne’s payout ratio is 33.48%.

Insider Buying and Selling

In related news, CEO Barry Sloane purchased 11,000 shares of NewtekOne stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $14.21 per share, with a total value of $156,310.00. Following the acquisition, the chief executive officer directly owned 1,176,914 shares in the company, valued at approximately $16,723,947.94. This trade represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have acquired 19,567 shares of company stock worth $275,026. 5.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NEWT has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Raymond James Financial upgraded NewtekOne to a “hold” rating in a report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods boosted their price target on NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NewtekOne has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.