Kinloch Capital LLC Purchases Shares of 13,310 NewtekOne, Inc. (NASDAQ:NEWT)

Kinloch Capital LLC acquired a new position in shares of NewtekOne, Inc. (NASDAQ:NEWTFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,310 shares of the business services provider’s stock, valued at approximately $196,000. Kinloch Capital LLC owned approximately 0.05% of NewtekOne as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NEWT. Ameritas Investment Partners Inc. bought a new position in shares of NewtekOne during the 2nd quarter valued at about $31,000. Royal Bank of Canada raised its holdings in NewtekOne by 1,166.7% in the 1st quarter. Royal Bank of Canada now owns 2,166 shares of the business services provider’s stock worth $58,000 after purchasing an additional 1,995 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in shares of NewtekOne in the 4th quarter worth about $62,000. Bank of America Corp DE boosted its stake in shares of NewtekOne by 134.7% during the 1st quarter. Bank of America Corp DE now owns 3,879 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Barclays PLC purchased a new position in shares of NewtekOne during the second quarter valued at about $74,000. 36.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NewtekOne

In related news, CEO Barry Sloane bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $13.45 per share, for a total transaction of $40,350.00. Following the completion of the acquisition, the chief executive officer now owns 1,140,280 shares of the company’s stock, valued at approximately $15,336,766. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 2,250 shares of company stock worth $28,785. Company insiders own 6.40% of the company’s stock.

NewtekOne Stock Up 1.1 %

Shares of NEWT stock traded up $0.13 during mid-day trading on Thursday, hitting $11.48. The company’s stock had a trading volume of 27,185 shares, compared to its average volume of 122,425. The stock has a market cap of $282.98 million, a price-to-earnings ratio of 11.35 and a beta of 1.28. The company has a debt-to-equity ratio of 5.22, a quick ratio of 1.98 and a current ratio of 1.98. NewtekOne, Inc. has a 52-week low of $10.75 and a 52-week high of $19.36. The business has a 50-day moving average price of $12.52 and a 200 day moving average price of $14.13.

NewtekOne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Thursday, December 28th. NewtekOne’s dividend payout ratio (DPR) is 72.00%.

Analysts Set New Price Targets

Separately, raised NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th.

Get Our Latest Stock Analysis on NEWT

NewtekOne Profile

(Free Report)

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.

Further Reading

Institutional Ownership by Quarter for NewtekOne (NASDAQ:NEWT)

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