Beamr video compression achieves up to 50% improvement for AVs
In a series of transactions on May 19, Barry Sloane, the Chairman and CEO of NewtekOne, Inc. (NASDAQ:NEWT), acquired a significant amount of the company’s common stock. Sloane purchased a total of 10,000 shares, with transaction prices ranging from $11.205 to $11.2685 per share. The company, currently trading at a P/E ratio of 5.75 and offering a substantial 6.74% dividend yield, appears undervalued according to InvestingPro analysis. The total value of these transactions amounted to $112,325. Following these acquisitions, Sloane’s direct ownership in NewtekOne increased, reflecting his continued confidence in the company’s prospects. With a market capitalization of $297 million and an 11-year track record of consistent dividend payments, NewtekOne demonstrates strong shareholder commitment. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about the company’s financial health and growth potential.
In other recent news, Newtek Business Services Corp reported its Q1 2025 earnings, showcasing a mixed financial performance. The company achieved a significant revenue beat with $66.33 million, surpassing the forecast of $63.15 million, although its earnings per share (EPS) slightly missed expectations at $0.35, compared to the forecasted $0.36. Management maintained its annual EPS guidance of $2.10-$2.50. The company also highlighted its digital banking platform’s success, having opened 15,000 accounts remotely. Additionally, Newtek’s strategic focus on technology and client acquisition appears to be yielding positive results. While the earnings report reflected strong operational strength, analysts have noted challenges such as higher loan loss provisions and a competitive deposit market. Despite these hurdles, Newtek’s management remains optimistic about future growth, particularly in its Alternative Loan Program and SBA (LON:SBA) lending.
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