President of NewtekOne Barry Sloane Buys 3.6% More Shares

Investors who take an interest in NewtekOne, Inc. (NASDAQ:NEWT) should definitely note that the President, Barry Sloane, recently paid US$11.75 per share to buy US$472k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.6%.

See our latest analysis for NewtekOne

The Last 12 Months Of Insider Transactions At NewtekOne

Notably, that recent purchase by Barry Sloane is the biggest insider purchase of NewtekOne shares that we've seen in the last year. That implies that an insider found the current price of US$12.01 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for NewtekOne share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 94.00k shares for US$1.2m. But they sold 5.00 shares for US$69.1. In the last twelve months there was more buying than selling by NewtekOne insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NewtekOne is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.1% of NewtekOne shares, worth about US$19m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At NewtekOne Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest NewtekOne insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for NewtekOne you should be aware of, and 1 of these is significant.

Of course NewtekOne may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.