Media stories about NewStar Financial (NASDAQ:NEWS) have trended positive this week, according to AlphaOne. The research group, a service of Accern, rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded 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 assigned news articles about the credit services provider an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.
Shares of NewStar Financial (NEWS) traded up 1.91% during midday trading on Tuesday, hitting $10.69. The stock had a trading volume of 112,447 shares. The firm has a market capitalization of $449.76 million, a PE ratio of 19.09 and a beta of 2.10. The firm’s 50-day moving average price is $9.75 and its 200-day moving average price is $9.68. NewStar Financial has a one year low of $7.41 and a one year high of $11.37.
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. NewStar Financial had a return on equity of 3.91% and a net margin of 8.98%. The business had revenue of $20.14 million for the quarter, compared to analyst estimates of $26.27 million. On average, equities analysts predict that NewStar Financial will post $0.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.75%. NewStar Financial’s dividend payout ratio is presently 14.29%.
Several brokerages have recently weighed in on NEWS. Zacks Investment Research upgraded NewStar Financial from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Friday, February 17th. Keefe, Bruyette & Woods set a $11.00 price objective on NewStar Financial and gave the company a “hold” rating in a report on Monday, April 10th. ValuEngine upgraded NewStar Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 20th. Finally, TheStreet upgraded NewStar Financial from a “d” rating to a “c-” rating in a report on Monday, April 3rd.
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About NewStar Financial
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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