Glen Eagle Advisors LLC Sells 1,910 Shares of NewtekOne, Inc. (NASDAQ:NEWT)

22 May 2025, 11:56 by Mitch Edgeman · The Markets Daily

Glen Eagle Advisors LLC lessened its stake in NewtekOne, Inc. (NASDAQ:NEWT – Free Report) by 22.5% in the fourth quarter, Holdings Channel reports. The firm owned 6,566 shares of the business services provider’s stock after selling 1,910 shares during the quarter. Glen Eagle Advisors LLC’s holdings in NewtekOne were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEWT. Connective Capital Management LLC bought a new position in NewtekOne in the 4th quarter valued at about $250,000. Two Sigma Investments LP boosted its position in shares of NewtekOne by 24.2% during the 4th quarter. Two Sigma Investments LP now owns 90,407 shares of the business services provider’s stock worth $1,154,000 after acquiring an additional 17,629 shares in the last quarter. Man Group plc increased its stake in NewtekOne by 13.0% in the fourth quarter. Man Group plc now owns 50,790 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 5,843 shares during the last quarter. Nuveen Asset Management LLC raised its position in NewtekOne by 59.3% during the fourth quarter. Nuveen Asset Management LLC now owns 68,230 shares of the business services provider’s stock valued at $871,000 after purchasing an additional 25,399 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NewtekOne by 8.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,806 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 1,081 shares in the last quarter. Institutional investors own 38.35% of the company’s stock.

NewtekOne Trading Down 4.1%

Shares of NewtekOne stock opened at $10.78 on Thursday. The firm has a market capitalization of $283.97 million, a PE ratio of 6.02 and a beta of 1.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.98. The firm’s 50 day moving average is $10.95 and its 200 day moving average is $12.44. NewtekOne, Inc. has a 1 year low of $9.12 and a 1 year high of $15.49.

NewtekOne (NASDAQ:NEWT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $66.33 million during the quarter, compared to the consensus estimate of $63.15 million. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. Equities research analysts forecast that NewtekOne, Inc. will post 1.93 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend was Tuesday, April 15th. NewtekOne’s payout ratio is 39.58%.

Insider Activity at NewtekOne

In other news, CEO Barry Sloane purchased 10,000 shares of NewtekOne stock in a transaction dated Monday, May 19th. The shares were bought at an average cost of $11.23 per share, for a total transaction of $112,300.00. Following the completion of the acquisition, the chief executive officer now owns 1,190,459 shares in the company, valued at approximately $13,368,854.57. This trade represents a 0.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 24,500 shares of company stock valued at $277,500 in the last 90 days. 6.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NEWT. Compass Point raised their target price on NewtekOne from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Keefe, Bruyette & Woods dropped their price objective on NewtekOne from $15.00 to $13.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th.

View Our Latest Stock Analysis on NEWT

NewtekOne Profile

(Free Report)

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.