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BOCA RATON, FL—Richard Salute, a director at NewtekOne, Inc. (NASDAQ:NEWT), has recently increased his holdings in the company. According to an SEC filing, Salute purchased a total of 5,000 shares of NewtekOne common stock on May 12, 2025. The transactions were executed at prices ranging from $11.0457 to $11.075 per share, amounting to a total value of $55,338. The timing appears strategic, as InvestingPro data shows the stock has delivered a strong 17% return over the past week, while trading at an attractive P/E ratio of 5.7x.
Following these acquisitions, Salute now directly owns 39,222 shares of NewtekOne. This move reflects a strategic decision by Salute to bolster his stake in the company, which operates in the business development and financial services sector. The company currently offers a notable 6.8% dividend yield and has maintained dividend payments for 11 consecutive years, according to InvestingPro analysis. Subscribers to InvestingPro can access 10+ additional investment tips and comprehensive insider trading analysis for NEWT, along with detailed Fair Value calculations that suggest the stock may be undervalued at current levels.
In other recent news, Newtek Business Services Corp reported its Q1 2025 earnings, revealing a mixed financial performance. The company achieved a notable revenue beat, with $66.33 million in revenue surpassing the forecast of $63.15 million. However, earnings per share (EPS) slightly missed expectations, coming in at $0.35 compared to the forecast of $0.36. Despite this, Newtek maintained its full-year EPS guidance of $2.10-$2.50, projecting a 17% growth. The company’s strategic advancements in digital banking have contributed to its strong revenue growth, including the successful remote opening of 15,000 accounts. Analysts from firms such as Piper Sandler and KBW have shown interest in Newtek’s financial strategies, particularly in its alternative loan program and securitization efforts. Newtek’s management emphasized its innovative approach and focus on fair value and government-guaranteed loan sales during the earnings call. The company also addressed risks related to higher loan loss provisions and the challenging credit environment.
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