Media stories about NewStar Financial (NASDAQ:NEWS) have been trending positive recently, AlphaOne reports. AlphaOne, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NewStar Financial earned a media sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also assigned news articles about the credit services provider an impact score of 25 out of 100, meaning that recent media coverage is very unlikely to have an impact on the company’s share price in the next few days.
Shares of NewStar Financial (NEWS) traded down 0.34% during mid-day trading on Wednesday, hitting $8.89. 83,936 shares of the stock were exchanged. The company has a market cap of $374.03 million, a P/E ratio of 15.88 and a beta of 1.94. NewStar Financial has a 52-week low of $7.41 and a 52-week high of $11.37. The stock’s 50-day moving average price is $10.01 and its 200-day moving average price is $9.64.
NewStar Financial (NASDAQ:NEWS) last posted its quarterly earnings data on Wednesday, May 3rd. The credit services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.16. The company had revenue of $20.14 million for 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%. Equities research analysts anticipate that NewStar Financial will post $0.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 25th.
Several research firms have weighed in on NEWS. ValuEngine upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Zacks Investment Research downgraded shares of NewStar Financial from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Keefe, Bruyette & Woods set a $11.00 price objective 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.
WARNING: This report was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/05/31/favorable-news-coverage-very-unlikely-to-affect-newstar-financial-news-share-price-updated.html.
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.
Receive News & Ratings for NewStar Financial Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NewStar Financial Inc and related companies with MarketBeat.com’s FREE daily email newsletter.