Jane Street Group LLC Has $292,000 Holdings in NewtekOne, Inc. (NASDAQ:NEWT)

Jane Street Group LLC reduced its stake in shares of NewtekOne, Inc. (NASDAQ:NEWT) by 43.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,416 shares of the business services provider’s stock after selling 18,099 shares during the quarter. Jane Street Group LLC’s holdings in NewtekOne were worth $292,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEWT. FMR LLC raised its stake in shares of NewtekOne by 253.5% in the 3rd quarter. FMR LLC now owns 2,559 shares of the business services provider’s stock valued at $32,000 after buying an additional 1,835 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of NewtekOne by 36.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 7,542 shares of the business services provider’s stock valued at $94,000 after buying an additional 2,002 shares in the last quarter. nVerses Capital LLC raised its stake in shares of NewtekOne by 96.7% in the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the business services provider’s stock valued at $74,000 after buying an additional 2,900 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of NewtekOne by 28.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,863 shares of the business services provider’s stock valued at $173,000 after buying an additional 3,094 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of NewtekOne by 12.0% in the 2nd quarter. Rhumbline Advisers now owns 33,665 shares of the business services provider’s stock valued at $423,000 after buying an additional 3,617 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Barry Sloane acquired 3,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $12.95 per share, with a total value of $38,850.00. Following the acquisition, the chief executive officer now directly owns 1,164,855 shares in the company, valued at $15,084,872.25. The trade was a 0.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 8,750 shares of company stock valued at $119,568 in the last 90 days. 6.50% of the stock is currently owned by insiders.

NewtekOne Stock Down 3.3 %

NEWT opened at $12.10 on Friday. NewtekOne, Inc. has a twelve month low of $10.07 and a twelve month high of $15.49. The firm’s 50-day simple moving average is $13.67 and its 200-day simple moving average is $13.08. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $318.29 million, a price-to-earnings ratio of 6.76 and a beta of 1.32.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. NewtekOne had a net margin of 14.92% and a return on equity of 18.73%. The firm had revenue of $83.12 million for the quarter, compared to analyst estimates of $61.76 million. During the same quarter in the prior year, the firm earned $0.38 EPS. Equities research analysts anticipate that NewtekOne, Inc. will post 1.93 EPS for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date is Tuesday, December 31st. NewtekOne’s dividend payout ratio is currently 42.46%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NEWT. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 target price (up previously from $13.00) on shares of NewtekOne in a report on Friday, November 8th. Piper Sandler upped their target price on shares of NewtekOne from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, B. Riley upped their target price on shares of NewtekOne from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th.

NewtekOne 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.