SG Americas Securities LLC Grows Stock Position in NewtekOne, Inc. (NASDAQ:NEWT)

SG Americas Securities LLC raised its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 39.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,274 shares of the business services provider’s stock after buying an additional 3,166 shares during the quarter. SG Americas Securities LLC’s holdings in NewtekOne were worth $144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NEWT. Geode Capital Management LLC lifted its holdings in shares of NewtekOne by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 573,608 shares of the business services provider’s stock valued at $7,149,000 after acquiring an additional 22,167 shares in the last quarter. State Street Corp lifted its stake in shares of NewtekOne by 1.0% during the third quarter. State Street Corp now owns 474,419 shares of the business services provider’s stock worth $5,911,000 after purchasing an additional 4,595 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of NewtekOne in the third quarter worth about $1,902,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NewtekOne by 245.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,226 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 64,790 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of NewtekOne by 1,146.0% during the 3rd quarter. International Assets Investment Management LLC now owns 61,054 shares of the business services provider’s stock valued at $761,000 after buying an additional 56,154 shares during the period. Institutional investors and hedge funds own 38.35% of the company’s stock.

Insider Activity

In other news, CEO Barry Sloane purchased 3,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $12.95 per share, with a total value of $38,850.00. Following the completion of the transaction, the chief executive officer now directly owns 1,164,855 shares in the company, valued at $15,084,872.25. This trade represents a 0.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 8,750 shares of company stock worth $119,568 in the last three months. 6.50% of the stock is owned by insiders.

NewtekOne Stock Performance

Shares of NEWT opened at $12.61 on Tuesday. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50 day moving average is $13.16 and its 200-day moving average is $13.01. NewtekOne, Inc. has a 12-month low of $10.07 and a 12-month high of $15.49. The stock has a market capitalization of $331.77 million, a P/E ratio of 7.04 and a beta of 1.31.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend was Tuesday, December 31st. NewtekOne’s dividend payout ratio (DPR) is presently 42.46%.

Analyst Ratings Changes

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

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.