Jump Financial LLC Cuts Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

Jump Financial LLC trimmed its holdings in NewtekOne, Inc. (NASDAQ:NEWT) by 50.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,442 shares of the business services provider’s stock after selling 10,820 shares during the quarter. Jump Financial LLC’s holdings in NewtekOne were worth $133,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of NewtekOne in the 4th quarter worth approximately $55,000. Nisa Investment Advisors LLC lifted its holdings in shares of NewtekOne by 137.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,316 shares of the business services provider’s stock worth $56,000 after acquiring an additional 2,500 shares during the last quarter. SG Americas Securities LLC lifted its holdings 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 last quarter. Semanteon Capital Management LP bought a new stake in shares of NewtekOne in the 4th quarter worth approximately $210,000. Finally, Bailard Inc. bought a new stake in shares of NewtekOne in the 4th quarter worth approximately $257,000. 38.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

NewtekOne Stock Performance

Shares of NEWT opened at $10.80 on Tuesday. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.75 and a quick ratio of 0.75. NewtekOne, Inc. has a one year low of $9.12 and a one year high of $15.49. The company has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $12.75. The firm has a market capitalization of $283.94 million, a PE ratio of 6.03 and a beta of 1.23.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $69.55 million. On average, analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.76 annualized dividend and a dividend yield of 7.04%. NewtekOne’s payout ratio is 38.97%.

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.