Media headlines about NewStar Financial (NASDAQ:NEWS) have trended somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NewStar Financial earned a news impact score of 0.08 on AlphaOne’s scale. AlphaOne also gave news stories about the credit services provider an impact score of 66 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the immediate future.
NEWS has been the topic of several research analyst reports. TheStreet raised shares of NewStar Financial from a “d” rating to a “c-” rating in a research note on Monday, April 3rd. Zacks Investment Research cut shares of NewStar Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine raised shares of 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 shares of NewStar Financial and gave the company a “hold” rating in a research note on Monday, April 10th.
Shares of NewStar Financial (NASDAQ:NEWS) traded up 1.08% during trading on Monday, reaching $9.36. 56,515 shares of the company’s stock were exchanged. The stock has a market cap of $393.80 million, a PE ratio of 16.71 and a beta of 1.94. The stock’s 50 day moving average price is $9.86 and its 200-day moving average price is $9.65. NewStar Financial has a 52-week low of $7.41 and a 52-week high of $11.37.
NewStar Financial (NASDAQ:NEWS) last announced its earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $26.27 million. On average, equities research analysts forecast that NewStar Financial will post $0.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th will be issued 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 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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