Potential NewtekOne, Inc. (NASDAQ:NEWT) shareholders may wish to note that the President, Barry Sloane, recently bought US$472k worth of stock, paying US$11.75 for each share. 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

NewtekOne Insider Transactions Over The Last Year

Notably, that recent purchase by Barry Sloane is the biggest insider purchase of NewtekOne shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$12.01. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the NewtekOne insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 94.00k shares worth US$1.2m. On the other hand they divested 5.00 shares, for US$69.1. In total, NewtekOne insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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$19m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About NewtekOne Insiders?

It's certainly positive to see the recent insider purchases. 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 while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that NewtekOne is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...

But note: NewtekOne may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.