Huber Capital Management LLC Buys Shares of 86,207 NewtekOne, Inc. $NEWT

Huber Capital Management LLC bought a new stake in NewtekOne, Inc. (NASDAQ:NEWT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 86,207 shares of the business services provider’s stock, valued at approximately $978,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEWT. Advisory Services Network LLC acquired a new stake in NewtekOne in the third quarter valued at approximately $46,000. Quantbot Technologies LP acquired a new stake in NewtekOne in the second quarter valued at approximately $107,000. Cerity Partners LLC lifted its stake in NewtekOne by 18.0% in the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,095 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in NewtekOne in the third quarter valued at approximately $191,000. Finally, Kestra Advisory Services LLC lifted its stake in NewtekOne by 13.7% in the fourth quarter. Kestra Advisory Services LLC now owns 17,742 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 2,136 shares during the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

NewtekOne Price Performance

Shares of NewtekOne stock opened at $14.00 on Friday. The firm has a fifty day simple moving average of $12.98 and a 200-day simple moving average of $12.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. NewtekOne, Inc. has a 1-year low of $9.59 and a 1-year high of $14.91. The stock has a market capitalization of $404.04 million, a price-to-earnings ratio of 6.17 and a beta of 1.29.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The business had revenue of $88.18 million during the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. On average, sell-side analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NEWT. Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium?sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.