NewtekOne, Inc. (NASDAQ:NEWT) Short Interest Update

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,430,000 shares, a growth of 23.3% from the February 13th total of 1,160,000 shares. Based on an average daily trading volume, of 171,300 shares, the days-to-cover ratio is presently 8.3 days. Currently, 5.8% of the company's stock are sold short.

Insider Transactions at NewtekOne

In related news, CEO Barry Sloane bought 3,000 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $12.95 per share, for a total transaction of $38,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,164,855 shares in the company, valued at approximately $15,084,872.25. This represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have bought 5,250 shares of company stock valued at $67,608. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of NewtekOne

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in NewtekOne by 199.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,557 shares of the business services provider's stock worth $33,000 after buying an additional 1,703 shares during the last quarter. FMR LLC boosted its position in shares of NewtekOne by 253.5% during the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider's stock valued at $32,000 after acquiring an additional 1,835 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of NewtekOne in the fourth quarter valued at about $55,000. Nisa Investment Advisors LLC grew its holdings in shares of NewtekOne by 137.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock valued at $56,000 after purchasing an additional 2,500 shares during the period. Finally, Aquatic Capital Management LLC grew its stake in shares of NewtekOne by 66.2% in the 4th quarter. Aquatic Capital Management LLC now owns 5,484 shares of the business services provider's stock valued at $70,000 after buying an additional 2,184 shares during the period. Institutional investors and hedge funds own 38.35% of the company's stock.

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NewtekOne Price Performance

Shares of NASDAQ:NEWT traded down $0.16 during trading on Friday, reaching $12.34. 294,739 shares of the company's stock traded hands, compared to its average volume of 162,598. The firm has a market cap of $324.43 million, a PE ratio of 6.89 and a beta of 1.33. NewtekOne has a fifty-two week low of $10.30 and a fifty-two week high of $15.49. The company has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $12.95. 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 posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. NewtekOne had a return on equity of 18.73% and a net margin of 14.92%. The firm had revenue of $75.37 million during the quarter, compared to the consensus estimate of $69.55 million. As a group, analysts predict that NewtekOne will post 1.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

NEWT has been the topic of several analyst reports. Compass Point lifted their target price on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday. B. Riley boosted their price objective on shares of NewtekOne from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, NewtekOne currently has an average rating of "Hold" and an average target price of $14.50.

NewtekOne Company 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.