Bard Associates Inc. Sells 2,417 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Bard Associates Inc. trimmed its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,354 shares of the business services provider’s stock after selling 2,417 shares during the period. Bard Associates Inc.’s holdings in NewtekOne were worth $1,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in NewtekOne by 36.1% during the third quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 2,002 shares during the period. International Assets Investment Management LLC lifted its position in shares of NewtekOne by 1,146.0% in the 3rd quarter. International Assets Investment Management LLC now owns 61,054 shares of the business services provider’s stock worth $761,000 after purchasing an additional 56,154 shares during the period. nVerses Capital LLC lifted its holdings in NewtekOne by 96.7% during the third 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 period. SG Americas Securities LLC purchased a new position in shares of NewtekOne in the 3rd quarter worth approximately $101,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of NewtekOne during the 2nd quarter valued at $192,000. Institutional investors own 38.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 target price (up from $13.00) on shares of NewtekOne in a research report on Friday, November 8th. Piper Sandler raised their price objective on NewtekOne from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday. Finally, B. Riley cut NewtekOne from a “buy” rating to a “neutral” rating and reduced their target price for the company from $16.00 to $13.00 in a report on Wednesday, September 4th.

NewtekOne Stock Down 2.1 %

Shares of NASDAQ:NEWT opened at $14.17 on Friday. The business has a 50-day moving average price of $12.73 and a 200 day moving average price of $12.85. The company has a market capitalization of $372.74 million, a price-to-earnings ratio of 7.92 and a beta of 1.29. NewtekOne, Inc. has a 12-month low of $10.07 and a 12-month high of $15.49. The company has a current ratio of 0.75, a quick ratio of 1.42 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $83.12 million during the quarter, compared to analysts’ expectations of $61.76 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. During the same quarter in the previous year, the business posted $0.38 earnings per share. Sell-side analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Thursday, October 10th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Thursday, October 10th. NewtekOne’s payout ratio is 42.46%.

Insider Activity

In other NewtekOne news, CEO Barry Sloane acquired 40,134 shares of the stock in a transaction on Monday, September 23rd. The shares were bought at an average cost of $11.75 per share, with a total value of $471,574.50. Following the transaction, the chief executive officer now owns 1,187,457 shares of the company’s stock, valued at approximately $13,952,619.75. This trade represents a 3.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 41,634 shares of company stock worth $488,820. Corporate insiders own 6.50% of the company’s stock.

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.