Wellington Management Group LLP Acquires 100,989 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

Wellington Management Group LLP increased its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT - Free Report) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,627 shares of the business services provider's stock after acquiring an additional 100,989 shares during the quarter. Wellington Management Group LLP owned about 0.96% of NewtekOne worth $3,239,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NEWT. FMR LLC increased its holdings 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 worth $32,000 after purchasing an additional 1,835 shares during the period. Quantbot Technologies LP bought a new position in NewtekOne during the fourth quarter valued at about $55,000. Nisa Investment Advisors LLC raised its holdings in NewtekOne by 137.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider's stock valued at $56,000 after acquiring an additional 2,500 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of NewtekOne by 39.0% in the 4th quarter. SG Americas Securities LLC now owns 11,274 shares of the business services provider's stock worth $144,000 after acquiring an additional 3,166 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of NewtekOne by 28.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider's stock worth $173,000 after purchasing an additional 3,094 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEWT. Compass Point upped their target price on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. B. Riley lifted their target price on shares of NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.50.

NewtekOne Price Performance

NewtekOne stock traded up $0.05 during mid-day trading on Thursday, hitting $10.11. 44,069 shares of the company were exchanged, compared to its average volume of 175,965. The company has a market capitalization of $265.83 million, a PE ratio of 5.65 and a beta of 1.23. The business has a fifty day moving average of $11.91 and a 200 day moving average of $12.85. NewtekOne, Inc. has a 1-year low of $9.12 and a 1-year 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 earnings results on Wednesday, February 26th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. The business had revenue of $75.37 million during the quarter, compared to analysts' expectations of $69.55 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. As a group, sell-side analysts expect that NewtekOne, Inc. will post 1.93 earnings per share for the current year.

NewtekOne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Tuesday, April 15th. NewtekOne's dividend payout ratio (DPR) is currently 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.