American Century Companies Inc. Has $2.40 Million Stake in NewtekOne, Inc. (NASDAQ:NEWT)

American Century Companies Inc. increased its position in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 27.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 190,712 shares of the business services provider’s stock after purchasing an additional 40,738 shares during the period. American Century Companies Inc.’s holdings in NewtekOne were worth $2,397,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of NewtekOne in the second quarter valued at about $62,000. Kinloch Capital LLC bought a new stake in shares of NewtekOne in the first quarter valued at about $148,000. BNP Paribas Financial Markets boosted its position in shares of NewtekOne by 124.5% in the first quarter. BNP Paribas Financial Markets now owns 14,354 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 7,961 shares during the period. Rhumbline Advisers boosted its position in shares of NewtekOne by 12.0% in the second quarter. Rhumbline Advisers now owns 33,665 shares of the business services provider’s stock valued at $423,000 after acquiring an additional 3,617 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of NewtekOne by 2.9% in the first quarter. Arkadios Wealth Advisors now owns 47,279 shares of the business services provider’s stock valued at $520,000 after acquiring an additional 1,344 shares during the period. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Barry Sloane bought 40,134 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average cost of $11.75 per share, for a total transaction of $471,574.50. Following the acquisition, the chief executive officer now directly owns 1,187,457 shares in the company, valued at $13,952,619.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 48,283 shares of company stock worth $569,472. Corporate insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley cut shares of NewtekOne from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $13.00 in a research report on Wednesday, September 4th.

NewtekOne Stock Performance

NewtekOne stock opened at $12.20 on Friday. The business has a 50 day moving average of $12.46 and a 200-day moving average of $12.34. NewtekOne, Inc. has a 1 year low of $10.07 and a 1 year high of $15.75. The company has a debt-to-equity ratio of 4.96, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $316.71 million, a P/E ratio of 7.87 and a beta of 1.30.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings data on Monday, August 5th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. The company had revenue of $81.37 million during the quarter, compared to the consensus estimate of $59.68 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts predict that NewtekOne, Inc. will post 1.9 earnings per share for the current year.

NewtekOne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Thursday, October 10th. NewtekOne’s payout ratio is 49.03%.

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.