Jackson Thornton Wealth Management LLC Invests $339,000 in NewtekOne, Inc. (NASDAQ:NEWT)

Jackson Thornton Wealth Management LLC purchased a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 26,574 shares of the business services provider’s stock, valued at approximately $339,000.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of NewtekOne by 253.5% during the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NewtekOne during the fourth quarter worth about $55,000. Nisa Investment Advisors LLC lifted its position in shares of NewtekOne by 137.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after purchasing an additional 2,500 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of NewtekOne by 39.0% during the fourth quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock worth $144,000 after buying an additional 3,166 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of NewtekOne by 28.7% during the third quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock worth $173,000 after buying an additional 3,094 shares during the period. Institutional investors and hedge funds own 38.35% of the company’s stock.

Wall Street Analysts Forecast Growth

NEWT has been the topic of a number of recent research reports. Compass Point upped their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday. B. Riley upped their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

NewtekOne Price Performance

Shares of NASDAQ NEWT opened at $12.34 on Monday. 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 stock has a fifty day moving average price of $12.70 and a 200 day moving average price of $12.97. NewtekOne, Inc. has a 1-year low of $10.43 and a 1-year high of $15.49. The company has a market cap of $324.43 million, a PE ratio of 6.89 and a beta of 1.33.

NewtekOne (NASDAQ:NEWT) last released its earnings results on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The company had revenue of $75.37 million during the quarter, compared to the consensus estimate of $69.55 million. Sell-side analysts forecast that NewtekOne, Inc. will post 1.93 EPS for the current year.

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.