Whilst it may not be a huge deal, we thought it was good to see that the NewtekOne, Inc. (NASDAQ:NEWT) President, Barry Sloane, recently bought US$68k worth of stock, for US$12.99 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for NewtekOne

The Last 12 Months Of Insider Transactions At NewtekOne

In the last twelve months, the biggest single purchase by an insider was when Independent Director Fernando Perez-Hickman bought US$497k worth of shares at a price of US$12.28 per share. That implies that an insider found the current price of US$13.22 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. Happily, the NewtekOne insiders decided to buy shares at close to current prices.

NewtekOne insiders may have bought shares in the last year, but they didn't sell any. They paid about US$14.28 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NewtekOne is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does NewtekOne Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 6.1% of NewtekOne shares, worth about US$20m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About NewtekOne Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in NewtekOne shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for NewtekOne (of which 2 are a bit unpleasant!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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