NewtekOne, Inc. (NASDAQ:NEWT) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its position in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,960 shares of the business services provider's stock after selling 32,723 shares during the period. Marshall Wace LLP owned approximately 0.99% of NewtekOne worth $3,332,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NEWT. Barclays PLC grew its stake in NewtekOne by 285.2% during the third quarter. Barclays PLC now owns 30,201 shares of the business services provider's stock worth $376,000 after buying an additional 22,360 shares during the period. JPMorgan Chase & Co. increased its position in shares of NewtekOne by 94.7% in the third quarter. JPMorgan Chase & Co. now owns 34,120 shares of the business services provider's stock worth $425,000 after acquiring an additional 16,596 shares in the last quarter. Bailard Inc. acquired a new stake in shares of NewtekOne in the fourth quarter worth $257,000. American Century Companies Inc. increased its position in shares of NewtekOne by 116.6% in the fourth quarter. American Century Companies Inc. now owns 112,400 shares of the business services provider's stock worth $1,435,000 after acquiring an additional 60,518 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of NewtekOne in the fourth quarter worth $432,000. Hedge funds and other institutional investors own 38.35% of the company's stock.

NewtekOne Stock Down 0.3 %

Shares of NEWT traded down $0.03 during midday trading on Monday, hitting $10.80. The company had a trading volume of 148,504 shares, compared to its average volume of 179,025. The company's 50 day moving average price is $11.54 and its 200 day moving average price is $12.75. The stock has a market cap of $283.94 million, a price-to-earnings ratio of 6.03 and a beta of 1.23. NewtekOne, Inc. has a 52 week low of $9.12 and a 52 week high of $15.49. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.98.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.69 earnings per share for the quarter, beating 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 business had revenue of $75.37 million during the quarter, compared to the consensus estimate of $69.55 million. On average, equities research analysts predict that NewtekOne, Inc. will post 1.93 EPS for the current year.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is 38.97%.

Analysts Set New Price Targets

Separately, Compass Point increased their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, NewtekOne has an average rating of "Hold" and a consensus price target of $14.50.

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.