Headlines about NewStar Financial (NASDAQ:NEWS) have trended somewhat negative recently, Alpha One reports. The research group, a service of Accern, scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NewStar Financial earned a daily sentiment score of -0.04 on Alpha One’s scale. Alpha One also assigned press coverage 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 immediate future.
NEWS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of 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. TheStreet upgraded shares of 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 objective on shares of NewStar Financial and gave the stock a “hold” rating in a report on Monday, April 10th. Finally, ValuEngine upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 20th.
NewStar Financial (NASDAQ NEWS) opened at 9.36 on Tuesday. 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. The stock has a market cap of $393.80 million, a PE ratio of 16.71 and a beta of 1.94.
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 the Thomson Reuters’ consensus estimate of $0.19 by $0.16. NewStar Financial had a net margin of 7.76% and a return on equity of 3.34%. The business had revenue of $20.14 million during the quarter, compared to analysts’ expectations of $26.27 million. Analysts predict that NewStar Financial will post $0.54 EPS for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.85%.
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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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