Media headlines about NewStar Financial (NASDAQ:NEWS) have been trending positive this week, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of 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 0.31 on Alpha One’s scale. Alpha One also gave news headlines about the credit services provider an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
NewStar Financial (NASDAQ NEWS) traded down 0.43% on Friday, hitting $9.26. The stock had a trading volume of 55,045 shares. The company has a 50-day moving average price of $9.87 and a 200 day moving average price of $9.64. NewStar Financial has a 52-week low of $7.41 and a 52-week high of $11.37. The firm has a market cap of $389.60 million, a PE ratio of 16.54 and a beta of 1.94.
NewStar Financial (NASDAQ:NEWS) last announced its earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.16. The firm had revenue of $20.14 million during the quarter, compared to analysts’ expectations of $26.27 million. NewStar Financial had a net margin of 7.76% and a return on equity of 3.34%. Equities analysts forecast that NewStar Financial will post $0.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders 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 0.86%.
NEWS has been the subject of a number of recent research reports. TheStreet upgraded NewStar Financial from a “d” rating to a “c-” rating in a research note on Monday, April 3rd. Zacks Investment Research cut NewStar Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine upgraded NewStar Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 20th. Finally, Keefe, Bruyette & Woods set a $11.00 price target on NewStar Financial and gave the stock a “hold” rating in a research note on Monday, April 10th.
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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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