Press coverage about NewStar Financial (NASDAQ:NEWS) has trended somewhat positive this week, AlphaOne reports. The research firm, a service of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NewStar Financial earned a daily sentiment score of 0.24 on AlphaOne’s scale. AlphaOne also assigned media stories about the credit services provider an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.
NEWS has been the subject of several research reports. Zacks Investment Research downgraded NewStar Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. TheStreet upgraded NewStar Financial from a “d” rating to a “c-” rating in a report on Monday, April 3rd. Keefe, Bruyette & Woods set a $11.00 price target on NewStar Financial and gave the company a “hold” rating in a report on Monday, April 10th. Finally, ValuEngine upgraded NewStar Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 20th.
Shares of NewStar Financial (NASDAQ:NEWS) traded down 3.76% on Tuesday, reaching $8.96. The company’s stock had a trading volume of 10,635 shares. The stock has a 50-day moving average of $10.06 and a 200 day moving average of $9.65. The stock has a market capitalization of $376.97 million, a PE ratio of 16.00 and a beta of 1.94. NewStar Financial has a 1-year low of $7.41 and a 1-year high of $11.37.
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. 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 during the quarter, compared to analyst estimates of $26.27 million. On average, equities analysts forecast that NewStar Financial will post $0.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 25th.
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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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