D.A. Davidson & CO. Decreases Stock Position in NewtekOne, Inc. (NASDAQ:NEWT)

D.A. Davidson & CO. cut its position in NewtekOne, Inc. (NASDAQ:NEWTFree Report) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,447 shares of the business services provider’s stock after selling 5,660 shares during the quarter. D.A. Davidson & CO. owned about 0.31% of NewtekOne worth $1,142,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in NewtekOne by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 72,151 shares of the business services provider’s stock worth $1,064,000 after purchasing an additional 1,798 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in NewtekOne during the 3rd quarter valued at $272,000. Raymond James & Associates boosted its stake in NewtekOne by 12.5% during the 3rd quarter. Raymond James & Associates now owns 53,465 shares of the business services provider’s stock valued at $789,000 after purchasing an additional 5,953 shares in the last quarter. SG Americas Securities LLC bought a new position in NewtekOne during the 3rd quarter valued at $147,000. Finally, Barclays PLC bought a new position in NewtekOne during the 2nd quarter valued at $74,000. 36.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, NewtekOne presently has a consensus rating of “Hold” and a consensus target price of $17.50.

View Our Latest Analysis on NEWT

NewtekOne Stock Performance

NEWT opened at $11.17 on Monday. The firm has a market cap of $275.34 million, a PE ratio of 11.17 and a beta of 1.28. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 5.22. The business has a fifty day simple moving average of $13.24 and a 200-day simple moving average of $14.76. NewtekOne, Inc. has a fifty-two week low of $10.75 and a fifty-two week high of $20.83.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.45%. The ex-dividend date was Thursday, December 28th. NewtekOne’s dividend payout ratio is presently 72.00%.

Insider Transactions at NewtekOne

In related news, CEO Barry Sloane acquired 5,232 shares of NewtekOne stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of $12.99 per share, with a total value of $67,963.68. Following the purchase, the chief executive officer now directly owns 1,137,280 shares in the company, valued at approximately $14,773,267.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 8,432 shares of company stock valued at $110,920 in the last three months. 6.40% of the stock is currently owned by corporate insiders.

NewtekOne Company Profile

(Free Report)

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.

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Institutional Ownership by Quarter for NewtekOne (NASDAQ:NEWT)

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