Press coverage about NewStar Financial (NASDAQ:NEWS) has been trending positive this week, according to AlphaOne Sentiment. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NewStar Financial earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave media headlines about the credit services provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Several equities analysts have issued reports on the stock. ValuEngine raised shares of NewStar Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 20th. Zacks Investment Research downgraded shares of NewStar Financial from a “hold” rating to a “sell” rating in a research note on Saturday, May 6th. Keefe, Bruyette & Woods set a $11.00 price target on shares of NewStar Financial and gave the stock a “hold” rating in a research note on Monday, April 10th. Finally, TheStreet raised shares of NewStar Financial from a “d” rating to a “c-” rating in a research note on Monday, April 3rd.
NewStar Financial (NASDAQ:NEWS) traded down 1.28% during midday trading on Tuesday, reaching $9.24. 25,775 shares of the company traded hands. NewStar Financial has a 12 month low of $7.41 and a 12 month high of $11.37. The firm has a market capitalization of $388.75 million, a PE ratio of 16.50 and a beta of 1.94. The company’s 50-day moving average price is $9.86 and its 200 day moving average price is $9.65.
NewStar Financial (NASDAQ:NEWS) last issued its quarterly earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.16. The company had revenue of $20.14 million during the quarter, compared to analysts’ expectations of $26.27 million. NewStar Financial had a return on equity of 3.34% and a net margin of 7.76%. On average, equities analysts anticipate that NewStar Financial will post $0.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.85%.
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NewStar Financial Company Profile
NewStar Financial, Inc (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies.
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