News headlines about NewStar Financial (NASDAQ:NEWS) have been trending positive recently, AlphaOne reports. The research firm, a service of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. NewStar Financial earned a coverage optimism score of 0.26 on AlphaOne’s scale. AlphaOne also gave news stories about the credit services provider an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of NewStar Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 20th. 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. TheStreet raised shares of NewStar Financial from a “d” rating to a “c-” rating in a research note on Monday, April 3rd. Finally, Zacks Investment Research raised shares of NewStar Financial from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research note on Friday, February 17th.
NewStar Financial (NASDAQ NEWS) opened at 9.36 on Tuesday. The company has a market capitalization of $393.80 million, a PE ratio of 16.71 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 is $9.86 and its 200 day moving average is $9.65.
NewStar Financial (NASDAQ:NEWS) last issued its earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.16. NewStar Financial had a return on equity of 3.34% and a net margin of 7.76%. The firm had revenue of $20.14 million for the quarter, compared to analyst estimates of $26.27 million. Analysts predict that NewStar Financial will post $0.54 EPS for the current fiscal 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 given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 25th.
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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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