Barrett & Company Inc. Decreases Stock Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

Barrett & Company Inc. decreased its holdings in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 149,526 shares of the business services provider’s stock after selling 2,197 shares during the period. NewtekOne accounts for about 0.8% of Barrett & Company Inc.’s holdings, making the stock its 27th biggest holding. Barrett & Company Inc.’s holdings in NewtekOne were worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NEWT. FMR LLC lifted its position in shares of NewtekOne by 253.5% during the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after buying an additional 1,835 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of NewtekOne by 137.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock valued at $56,000 after buying an additional 2,500 shares in the last quarter. nVerses Capital LLC lifted its position in shares of NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock valued at $74,000 after buying an additional 2,900 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in NewtekOne by 36.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 2,002 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in NewtekOne in the 3rd quarter valued at $101,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

NewtekOne Stock Up 1.1 %

Shares of NEWT opened at $13.12 on Friday. NewtekOne, Inc. has a 52-week low of $10.07 and a 52-week high of $15.49. The company has a market capitalization of $345.19 million, a PE ratio of 7.33 and a beta of 1.31. The stock has a fifty day simple moving average of $13.22 and a two-hundred day simple moving average of $13.05. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The business had revenue of $83.12 million during the quarter, compared to the consensus estimate of $61.76 million. During the same period last year, the company earned $0.38 EPS. As a group, equities analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date was Tuesday, December 31st. NewtekOne’s payout ratio is 42.46%.

Analyst Ratings Changes

NEWT has been the subject of several recent research reports. Piper Sandler increased their price objective on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. B. Riley increased their price objective on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price objective (up from $13.00) on shares of NewtekOne in a research note on Friday, November 8th.

Insider Buying and Selling

In other NewtekOne news, CEO Barry Sloane acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $12.95 per share, with a total value of $38,850.00. Following the transaction, the chief executive officer now owns 1,164,855 shares of the company’s stock, valued at $15,084,872.25. This trade represents a 0.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 8,750 shares of company stock valued at $119,568. 6.50% of the stock is currently owned by insiders.

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.