June 15, 2017 – By Louis Casey
Sentiment for Newstar Financial Inc (NASDAQ:NEWS)
Newstar Financial Inc (NASDAQ:NEWS) institutional sentiment increased to 2.43 in 2016 Q4. Its up 1.43, from 1 in 2016Q3. The ratio improved, as 51 hedge funds started new or increased holdings, while 21 sold and decreased their stock positions in Newstar Financial Inc. The hedge funds in our partner’s database now possess: 29.76 million shares, down from 34.54 million shares in 2016Q3. Also, the number of hedge funds holding Newstar Financial Inc in their top 10 holdings decreased from 6 to 4 for a decrease of 2. Sold All: 2 Reduced: 19 Increased: 24 New Position: 27.
NewStar Financial, Inc. is a commercial finance company. The company has market cap of $471.90 million. The Firm operates through two divisions: Commercial Lending and Asset Management. It has a 19.56 P/E ratio. 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.
About 1,187 shares traded. NewStar Financial Inc (NASDAQ:NEWS) has risen 28.00% since June 15, 2016 and is uptrending. It has outperformed by 11.30% the S&P500.
Wall Street await NewStar Financial Inc (NASDAQ:NEWS) to release earnings on August, 2. Analysts forecast EPS of $0.19, up exactly $0.08 or 72.73 % from 2014’s $0.11 EPS. The expected NEWS’s profit could reach $8.16M giving the stock 14.46 P/E in the case that $0.19 earnings per share is reported. After posting $0.03 EPS for the previous quarter, NewStar Financial Inc’s analysts now forecast 533.33 % EPS growth.
Capital Z Partners Management Llc holds 52.92% of its portfolio in NewStar Financial Inc for 4.03 million shares. Corsair Capital Llc owns 9.54 million shares or 36.46% of their US portfolio. Moreover, Selkirk Management Llc has 5.01% invested in the company for 852,811 shares. The New Jersey-based Oaktop Capital Management Ii L.P. has invested 4.56% in the stock. Second Curve Capital Llc, a New York-based fund reported 1.20 million shares.#img1#
NewStar Financial Inc (NASDAQ:NEWS) Ratings Coverage
Ratings analysis reveals 0 of Newstar Financial Inc’s analysts are positive. Out of 2 Wall Street analysts rating Newstar Financial Inc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $5 while the high is $13.50. The stock’s average target of $9.83 is -10.56% below today’s ($10.99) share price. NEWS was included in 5 notes of analysts from August 6, 2015. Wood maintained it with “Market Perform” rating and $10 target in Tuesday, October 6 report. The firm has “Market Perform” rating by Wood given on Monday, April 4.
More notable recent NewStar Financial Inc (NASDAQ:NEWS) news were published by: Seekingalpha.com which released: “NewStar Financial sells equipment finance business” on December 01, 2016, also Globenewswire.com with their article: “NewStar Adopts New Dividend Policy and Declares First Quarterly Dividend” published on February 14, 2017, Seekingalpha.com published: “NewStar Financial’s (NEWS) CEO Tim Conway on Q1 2017 Results – Earnings Call …” on May 03, 2017. More interesting news about NewStar Financial Inc (NASDAQ:NEWS) were released by: Seekingalpha.com and their article: “I Got NEWS For You” published on February 14, 2017 as well as Livetradingnews.com‘s news article titled: “NewStar Financial Inc(NASDAQ:NEWS) Downward Trend” with publication date: September 12, 2016.
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