Founders Financial Alliance LLC Sells 16,417 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Founders Financial Alliance LLC reduced its position in NewtekOne, Inc. (NASDAQ:NEWT) by 36.0% in the 4th quarter, Holdings Channel reports. The firm owned 29,216 shares of the business services provider’s stock after selling 16,417 shares during the quarter. Founders Financial Alliance LLC’s holdings in NewtekOne were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in NewtekOne in the third quarter worth about $1,902,000. Bank of New York Mellon Corp lifted its position in shares of NewtekOne by 68.3% during the 4th quarter. Bank of New York Mellon Corp now owns 279,001 shares of the business services provider’s stock worth $3,563,000 after buying an additional 113,261 shares during the period. Raymond James Financial Inc. bought a new position in shares of NewtekOne during the 4th quarter worth approximately $1,125,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in NewtekOne by 245.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 91,226 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 64,790 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in NewtekOne in the third quarter valued at $367,000. Institutional investors own 38.35% of the company’s stock.

NewtekOne Trading Up 0.6 %

Shares of NEWT opened at $12.05 on Wednesday. The stock has a fifty day moving average price of $12.75 and a two-hundred day moving average price of $12.97. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $316.98 million, a price-to-earnings ratio of 6.73 and a beta of 1.33. NewtekOne, Inc. has a 52-week low of $10.07 and a 52-week high of $15.49.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data 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 net margin of 14.92% and a return on equity of 18.73%. The firm had revenue of $75.37 million for the quarter, compared to analyst estimates of $69.55 million. Analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.31%. The ex-dividend date was Tuesday, December 31st. NewtekOne’s dividend payout ratio is 38.97%.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, CEO Barry Sloane purchased 3,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $12.95 per share, for a total transaction of $38,850.00. Following the transaction, the chief executive officer now directly owns 1,164,855 shares in the company, valued at $15,084,872.25. This represents a 0.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 4,750 shares of company stock worth $61,368. Insiders own 6.50% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley upped their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th.

NewtekOne Company 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.