Connor Clark & Lunn Investment Management Ltd. Has $1.48 Million Stock Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

Connor Clark & Lunn Investment Management Ltd. boosted its position in NewtekOne, Inc. (NASDAQ:NEWT) by 27.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 115,821 shares of the business services provider’s stock after purchasing an additional 24,595 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of NewtekOne worth $1,479,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in NewtekOne by 253.5% in the third quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after buying an additional 1,835 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of NewtekOne by 137.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after acquiring an additional 2,500 shares during the last quarter. SG Americas Securities LLC raised its stake in NewtekOne by 39.0% in the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 3,166 shares during the period. BNP Paribas Financial Markets lifted its holdings in NewtekOne by 28.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 3,094 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in NewtekOne during the 3rd quarter valued at $197,000. Institutional investors own 38.35% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley upped 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.

Insider Buying and Selling at NewtekOne

In related news, CEO Barry Sloane acquired 3,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $12.95 per share, with a total value of $38,850.00. Following the acquisition, the chief executive officer now directly owns 1,164,855 shares of the company’s stock, valued at approximately $15,084,872.25. The trade was a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 4,750 shares of company stock valued at $61,368 in the last quarter. Company insiders own 6.50% of the company’s stock.

NewtekOne Price Performance

NewtekOne stock opened at $12.51 on Thursday. The stock’s 50 day moving average is $12.70 and its 200-day moving average is $12.95. The company has a market capitalization of $329.08 million, a price-to-earnings ratio of 6.99 and a beta of 1.33. 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 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share 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 during the quarter, compared to the consensus estimate of $69.55 million. Equities research analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current year.

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.