Quantbot Technologies LP Invests $55,000 in NewtekOne, Inc. (NASDAQ:NEWT)

Quantbot Technologies LP purchased a new position in shares of NewtekOne, Inc. (NASDAQ:NEWT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,283 shares of the business services provider’s stock, valued at approximately $55,000.

Several other large investors have also bought and sold shares of NEWT. Wellington Management Group LLP bought a new stake in shares of NewtekOne during the 3rd quarter valued at $1,902,000. Bank of New York Mellon Corp grew its stake in shares of NewtekOne by 68.3% during the fourth quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider’s stock worth $3,563,000 after purchasing an additional 113,261 shares during the period. Raymond James Financial Inc. bought a new stake in NewtekOne in the fourth quarter valued at about $1,125,000. 1620 Investment Advisors Inc. bought a new stake in NewtekOne in the fourth quarter valued at about $432,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in NewtekOne in the third quarter valued at about $367,000. 38.35% of the stock is currently owned by institutional investors and hedge funds.

NewtekOne Stock Performance

NEWT stock opened at $12.08 on Wednesday. NewtekOne, Inc. has a 1-year low of $10.66 and a 1-year high of $15.49. 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 firm has a market cap of $317.60 million, a PE ratio of 6.75 and a beta of 1.33. The business’s 50-day moving average price is $12.63 and its two-hundred day moving average price is $13.01.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $69.55 million. As a group, research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne’s payout ratio is currently 38.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Compass Point boosted their target price on NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. B. Riley boosted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, NewtekOne has an average rating of “Hold” and an average price target of $14.50.

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.