Dynamic Technology Lab Private Ltd Sells 4,649 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Dynamic Technology Lab Private Ltd decreased its position in NewtekOne, Inc. (NASDAQ:NEWT) by 29.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,133 shares of the business services provider’s stock after selling 4,649 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NewtekOne were worth $142,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NEWT. FMR LLC lifted its position in shares of NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock worth $32,000 after purchasing an additional 1,835 shares during the period. Quantbot Technologies LP purchased a new position in shares of NewtekOne in the fourth quarter worth $55,000. Nisa Investment Advisors LLC lifted its position in 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 period. SG Americas Securities LLC lifted its holdings in shares of NewtekOne by 39.0% during the fourth quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider’s stock worth $144,000 after purchasing an additional 3,166 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 3,094 shares during the period. 38.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEWT has been the subject of several recent research reports. B. Riley raised 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. Compass Point lifted their price objective on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, NewtekOne presently has a consensus rating of “Hold” and a consensus price target of $14.50.

NewtekOne Stock Performance

NEWT opened at $10.04 on Friday. The stock has a market cap of $263.96 million, a P/E ratio of 5.61 and a beta of 1.23. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average price of $12.08 and a 200 day moving average price of $12.90. NewtekOne, Inc. has a 1 year low of $9.12 and a 1 year high of $15.49.

NewtekOne (NASDAQ:NEWT) last posted its earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The business had revenue of $75.37 million for the quarter, compared to analyst estimates of $69.55 million. Equities research analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne’s dividend payout ratio (DPR) is presently 38.97%.

NewtekOne 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.