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

SG Americas Securities LLC lifted its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 39.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the 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 have also recently modified their holdings of the business. FMR LLC increased 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. Nisa Investment Advisors LLC boosted its position in shares of NewtekOne by 137.7% in the 4th 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. nVerses Capital LLC grew its stake in NewtekOne by 96.7% during the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock worth $74,000 after buying an additional 2,900 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in NewtekOne by 36.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after buying an additional 2,002 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in NewtekOne by 28.7% in the third quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock valued at $173,000 after buying an additional 3,094 shares during the last quarter. 38.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. B. Riley lifted their price objective 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. Finally, Piper Sandler upped their target price on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, November 11th.

NewtekOne Stock Down 1.6 %

Shares of NASDAQ NEWT opened at $12.61 on Tuesday. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $15.49. 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 company has a market capitalization of $331.77 million, a P/E ratio of 7.04 and a beta of 1.31. The company has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $13.01.

NewtekOne Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Barry Sloane bought 3,000 shares of NewtekOne stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $12.95 per share, with a total value of $38,850.00. Following the acquisition, the chief executive officer now owns 1,164,855 shares of the company’s stock, valued at approximately $15,084,872.25. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 8,750 shares of company stock worth $119,568 over the last 90 days. Corporate insiders own 6.50% of the company’s stock.

About NewtekOne

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.