In a research report issued on Tuesday, the rating was changed from 'hold' to'sell'.
NEWT has also been the subject of recent reports from other equity research analysts. Keefe, Bruyette & Woods lowered its price target on NewtekOne, from $19.00 down to $12.00, and assigned a market perform' rating in a report published on Thursday, 16th March. Piper Sandler reduced their price target on NewtekOne in a report published on Wednesday, 10th May from $14.00 down to $13.00. B. Riley began covering NewtekOne on Thursday, 18th May. The analysts assigned a 'buy rating' and set the target price at $15.00 for the stock. Three analysts have given the stock a hold or buy rating while one research analyst gave it a sell. On Tuesday, the stock rose $0.82 to $15.99. The stock of the company traded 328,900 share compared to 275,282 shares on average. The debt-to equity ratio for the company is 4.77. It also has a quick ratio and current ratios of 2.21. NewtekOne's 1 year low is $10.75, and its 1 year high is $23.26. The company has a 50-day moving price average of $12.38, and a 200 day moving price average of $15.26. The firm has a $393.51 market capitalization, a P/E ratio of 11.50, and a beta value of 1.27.
NewtekOne Insider Transactions
Barry Sloane, the CEO of NewtekOne, purchased 5,000 NewtekOne shares in a Wednesday, 17th May transaction. The shares were bought at an average price per share of $11.28, with a value totaling $56,400.00. The chief executive now owns 1,123.048 shares of the company valued at $12.667.981.44. Insider Nicolas Young purchased 3,000 shares in the company's stock on Tuesday, 21st March. The shares were purchased at a price of $12.45 on average per share with a value of $37.350.00. After the completion of the deal, the insider owns directly 31,539 shares valued at $392.660.55. Barry Sloane, the CEO of the company, also bought 5,000 shares in a deal on May 17, 2013. Stock was bought at a cost of approximately $11.28 a share for a total of $56,400.00. The chief executive now owns 1,123.048 shares, worth $12,667.981.44 after the transaction. In the past ninety-day period, insiders purchased 22,800 shares worth $272.873 of stock. Insiders hold 6.40% the stock of the company.
NewtekOne Institutional Trading
Recent changes in institutional investors' and hedge fund's stakes have been made by the company. Raymond James & Associates increased their position in NewtekOne shares by 5.0% during first quarter. Raymond James & Associates owns 55 788 shares of NewtekOne's stock, worth $1,490,000, after acquiring 2,679 additional shares. Cambridge Investment Research Advisors Inc. increased its stake in NewtekOne shares by 38.7% over the first quarter. Cambridge Investment Research Advisors Inc. owns now 28,392 shares worth $758,000 of the stock of the business service provider after purchasing 7,919 additional shares in the previous quarter. MetLife Investment Management LLC increased its stake in NewtekOne shares by 137.0% over the first quarter. MetLife Investment Management LLC owns 7,109 of the stock of the business service provider, worth $190,000. This is after buying 4,109 additional shares during the last quarter. Mackenzie Financial Corp increased its holdings in NewtekOne shares by 8.2% in the first quarter. Mackenzie Financial Corp owns 48.481 shares worth $1.294,000, after buying an additional 3,677 in the previous quarter. Ancora Advisors LLC also acquired shares of NewtekOne in the first quarter, worth $137,000. Hedge funds, other institutional investors and pension funds own 14.99% of the stock.
NewtekOne Company profile
NewtekOne, Inc. is a closed-end, non-diversified management investment company that provides business and financial solutions. It provides loans, payments and payroll, web solutions and insurance solutions. Barry Sloane founded the company in 1998. It is headquartered in Boca Raton.
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