Jackson Thornton Wealth Management LLC Makes New $339,000 Investment in NewtekOne, Inc. (NASDAQ:NEWT)

Jackson Thornton Wealth Management LLC purchased a new stake in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,574 shares of the business services provider's stock, valued at approximately $339,000. Jackson Thornton Wealth Management LLC owned approximately 0.10% of NewtekOne as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEWT. American Century Companies Inc. increased its holdings in NewtekOne by 116.6% during the 4th quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock valued at $1,435,000 after acquiring an additional 60,518 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NewtekOne in the fourth quarter valued at approximately $55,000. 1620 Investment Advisors Inc. acquired a new stake in shares of NewtekOne in the fourth quarter valued at approximately $432,000. Semanteon Capital Management LP purchased a new position in shares of NewtekOne during the 4th quarter worth approximately $210,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NewtekOne by 27.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 115,821 shares of the business services provider's stock worth $1,479,000 after purchasing an additional 24,595 shares during the last quarter. Institutional investors and hedge funds own 38.35% of the company's stock.

NewtekOne Trading Down 3.4 %

NASDAQ NEWT traded down $0.42 during mid-day trading on Friday, reaching $11.86. 202,453 shares of the stock were exchanged, compared to its average volume of 164,976. The stock has a market capitalization of $311.81 million, a PE ratio of 6.63 and a beta of 1.33. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. NewtekOne, Inc. has a 1-year low of $10.66 and a 1-year high of $15.49. The business's fifty day simple moving average is $12.67 and its 200 day simple moving average is $12.97.

Remove Ads

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $75.37 million for the quarter, compared to analysts' expectations of $69.55 million. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. On average, research analysts anticipate that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NEWT has been the topic of a number of analyst reports. Compass Point increased their target price on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. B. Riley increased their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.50.

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.