International Assets Investment Management LLC Has $761,000 Stock Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

International Assets Investment Management LLC grew its holdings in NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 1,146.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,054 shares of the business services provider's stock after acquiring an additional 56,154 shares during the quarter. International Assets Investment Management LLC owned 0.25% of NewtekOne worth $761,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. nVerses Capital LLC raised its position in shares of NewtekOne by 96.7% in the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider's stock valued at $74,000 after purchasing an additional 2,900 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of NewtekOne in the third quarter worth $101,000. Kinloch Capital LLC acquired a new stake in shares of NewtekOne during the first quarter worth $148,000. BNP Paribas Financial Markets lifted its stake in shares of NewtekOne by 124.5% during the first quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider's stock worth $158,000 after buying an additional 7,961 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of NewtekOne during the second quarter valued at $192,000. Hedge funds and other institutional investors own 38.35% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley cut NewtekOne from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th.

Insider Transactions at NewtekOne

In related news, CEO Barry Sloane purchased 6,649 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $12.13 per share, with a total value of $80,652.37. Following the completion of the acquisition, the chief executive officer now owns 1,147,323 shares of the company's stock, valued at $13,917,027.99. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 48,283 shares of company stock worth $569,472 over the last quarter. 6.50% of the stock is currently owned by insiders.

NewtekOne Stock Performance

NEWT traded up $1.40 during trading on Wednesday, reaching $14.60. 346,583 shares of the company's stock were exchanged, compared to its average volume of 142,243. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.42 and a quick ratio of 1.42. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $15.25. The company's fifty day simple moving average is $12.49 and its 200-day simple moving average is $12.72. The stock has a market capitalization of $379.02 million, a P/E ratio of 8.49 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT - Get Free Report) last posted its earnings results on Monday, August 5th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The company had revenue of $81.37 million during the quarter, compared to the consensus estimate of $59.68 million. NewtekOne had a net margin of 14.94% and a return on equity of 18.99%. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts predict that NewtekOne, Inc. will post 1.9 earnings per share for the current fiscal year.

NewtekOne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.21%. NewtekOne's payout ratio is 44.19%.

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.