NewtekOne, Inc. (NASDAQ:NEWT) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its position in NewtekOne, Inc. (NASDAQ:NEWT) by 29.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,133 shares of the business services provider’s stock after selling 4,649 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NewtekOne were worth $142,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of NewtekOne by 253.5% in the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 1,835 shares in the last quarter. Quantbot Technologies LP acquired a new position in NewtekOne in the 4th quarter valued at $55,000. Nisa Investment Advisors LLC lifted its holdings in NewtekOne by 137.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 2,500 shares in the last quarter. SG Americas Securities LLC boosted its stake in NewtekOne by 39.0% during the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock worth $144,000 after purchasing an additional 3,166 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings 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 in the last quarter. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

NewtekOne Price Performance

NewtekOne stock opened at $10.04 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The company has a 50-day moving average price of $12.08 and a 200 day moving average price of $12.90. NewtekOne, Inc. has a 12-month low of $9.12 and a 12-month high of $15.49. The stock has a market cap of $263.96 million, a P/E ratio of 5.61 and a beta of 1.23.

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

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.57%. The ex-dividend date is Tuesday, April 15th. NewtekOne’s dividend payout ratio (DPR) is presently 38.97%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NEWT shares. B. Riley raised their price target 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. Compass Point raised 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, March 20th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.50.

NewtekOne 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.