NewtekOne, Inc. $NEWT Stake Increased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 98.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,543 shares of the business services provider’s stock after buying an additional 39,990 shares during the period. Quantinno Capital Management LP owned about 0.28% of NewtekOne worth $882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC purchased a new stake in NewtekOne in the 3rd quarter worth about $46,000. Quantbot Technologies LP purchased a new position in NewtekOne during the 2nd quarter valued at about $107,000. Dumont & Blake Investment Advisors LLC purchased a new position in NewtekOne during the 1st quarter valued at about $118,000. Cerity Partners LLC increased its holdings 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 valued at $156,000 after purchasing an additional 2,095 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of NewtekOne in the 3rd quarter valued at about $191,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Stock Performance

NASDAQ:NEWT opened at $13.02 on Monday. NewtekOne, Inc. has a 12 month low of $9.59 and a 12 month high of $15.69. The firm has a market cap of $376.15 million, a price-to-earnings ratio of 5.86 and a beta of 1.27. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 7.41. The company’s 50 day moving average is $14.30 and its 200-day moving average is $13.24.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $90.05 million during the quarter, compared to analysts’ expectations of $75.00 million. NewtekOne had a net margin of 15.57% and a return on equity of 17.97%. Equities analysts anticipate that NewtekOne, Inc. will post 2.18 EPS for the current year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders 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 5.8%. NewtekOne’s payout ratio is currently 34.23%.

Analyst Ratings Changes

Several research firms recently commented on NEWT. Weiss Ratings upgraded shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods upped their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of NewtekOne from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler lifted their target price on shares of NewtekOne from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Zacks Research cut shares of NewtekOne from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.33.

Insiders Place Their Bets

In other news, CEO Barry Sloane purchased 11,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $14.21 per share, for a total transaction of $156,310.00. Following the completion of the acquisition, the chief executive officer directly owned 1,176,914 shares of the company’s stock, valued at approximately $16,723,947.94. The trade was a 0.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have acquired 18,237 shares of company stock worth $256,959. 5.90% of the stock is owned by insiders.

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.