2 weeks Ago By ABMN Staff
American Century Companies Inc. boosted its position in NewtekOne, Inc. ( NASDAQ:NEWT – Free Report ) by 27.
2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 190,712 shares of the business services provider’s stock after purchasing an additional 40,738 shares during the quarter. American Century Companies Inc.
owned about 0.77% of NewtekOne worth $2,397,000 at the end of the most recent quarter. Several other hedge funds have also recently bought and sold shares of NEWT.
Ridgewood Investments LLC raised its holdings in shares of NewtekOne by 15.4% in the 1st quarter. Ridgewood Investments LLC now owns 52,485 shares of the business services provider’s stock worth $577,000 after purchasing an additional 7,000 shares in the last quarter.
Arkadios Wealth Advisors raised its holdings in shares of NewtekOne by 2.9% in the 1st quarter. Arkadios Wealth Advisors now owns 47,279 shares of the business services provider’s stock worth $520,000 after purchasing an additional 1,344 shares in the last quarter.
BNP Paribas Financial Markets raised its holdings in shares of NewtekOne by 124.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider’s stock worth $158,000 after purchasing an additional 7,961 shares in the last quarter.
Vanguard Group Inc. raised its holdings in shares of NewtekOne by 1.3% in the 1st quarter.
Vanguard Group Inc. now owns 1,368,607 shares of the business services provider’s stock worth $15,055,000 after purchasing an additional 17,505 shares in the last quarter. Finally, Kinloch Capital LLC bought a new stake in shares of NewtekOne in the 1st quarter worth approximately $148,000.
38.35% of the stock is currently owned by institutional investors. NewtekOne Price Performance Shares of NewtekOne stock opened at $12.
20 on Friday. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.
42 and a quick ratio of 1.42. NewtekOne, Inc.
has a fifty-two week low of $10.07 and a fifty-two week high of $15.75.
The firm has a fifty day moving average price of $12.46 and a two-hundred day moving average price of $12.34.
The company has a market cap of $316.71 million, a PE ratio of 7.87 and a beta of 1.
30. NewtekOne Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Thursday, October 10th will be given a $0.
19 dividend. This represents a $0.76 annualized dividend and a yield of 6.
23%. The ex-dividend date is Thursday, October 10th. NewtekOne’s payout ratio is presently 49.
03%. Insider Buying and Selling at NewtekOne In other NewtekOne news, CEO Barry Sloane bought 40,134 shares of NewtekOne stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of $11.
75 per share, with a total value of $471,574.50. Following the purchase, the chief executive officer now owns 1,187,457 shares of the company’s stock, valued at $13,952,619.
75. The transaction was disclosed in a document filed with the SEC, which is available at this link . In the last 90 days, insiders purchased 48,283 shares of company stock worth $569,472.
6.40% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth Separately, B.
Riley downgraded shares of NewtekOne from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $13.00 in a report on Wednesday, September 4th.
Read Our Latest Stock Analysis on NewtekOne NewtekOne Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for NewtekOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewtekOne and related companies with MarketBeat.
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