NewtekOne, Inc. (NASDAQ:NEWT) Director Salvatore Francis Mulia Sells 750 Shares

NewtekOne, Inc. (NASDAQ:NEWT) Director Salvatore Francis Mulia sold 750 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $14.33, for a total value of $10,747.50. Following the completion of the sale, the director now directly owns 46,241 shares in the company, valued at approximately $662,633.53. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Salvatore Francis Mulia also recently made the following trade(s):

• On Friday, June 21st, Salvatore Francis Mulia sold 750 shares of NewtekOne stock. The stock was sold at an average price of $12.47, for a total transaction of $9,352.50.

NewtekOne Stock Performance

Shares of NEWT stock opened at $14.30 on Thursday. The stock has a fifty day moving average price of $13.23 and a 200 day moving average price of $12.22. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $353.64 million, a PE ratio of 9.23 and a beta of 1.30. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $19.36.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Monday, May 6th. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. NewtekOne had a net margin of 14.14% and a return on equity of 18.27%. The business had revenue of $58.27 million for the quarter, compared to analyst estimates of $49.06 million. Sell-side analysts forecast that NewtekOne, Inc. will post 1.92 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Tuesday, July 9th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, July 9th. This represents a $0.76 dividend on an annualized basis and a yield of 5.31%. NewtekOne’s dividend payout ratio (DPR) is currently 49.03%.

Institutional Investors Weigh In On NewtekOne

Several hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors increased its stake in shares of NewtekOne by 2.9% during the 1st quarter. Arkadios Wealth Advisors now owns 47,279 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 1,344 shares during the last quarter. SG Americas Securities LLC grew its holdings in NewtekOne by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 13,058 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 3,082 shares during the period. Cape Investment Advisory Inc. acquired a new position in NewtekOne during the fourth quarter worth approximately $89,000. Ridgewood Investments LLC raised its stake in NewtekOne by 15.4% during the first 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 during the period. Finally, BNP Paribas Financial Markets boosted 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 valued at $158,000 after purchasing an additional 7,961 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NewtekOne from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, NewtekOne currently has a consensus rating of “Hold” and a consensus target price 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.