September 14, 2017 – By Marry Poplack
Sentiment for Newstar Financial Inc (NASDAQ:NEWS)
Newstar Financial Inc (NASDAQ:NEWS) institutional sentiment increased to 2.43 in 2016 Q4. Its up 1.43, from 1 in 2016Q3. The ratio improved, as 51 investment professionals started new or increased equity positions, while 21 sold and reduced their positions in Newstar Financial Inc. The investment professionals in our partner’s database reported: 29.76 million shares, down from 34.54 million shares in 2016Q3. Also, the number of investment professionals holding Newstar Financial Inc in their top 10 equity positions decreased from 6 to 4 for a decrease of 2. Sold All: 2 Reduced: 19 Increased: 24 New Position: 27.
NewStar Financial, Inc. is a commercial finance company. The company has market cap of $468.92 million. The Firm operates through two divisions: Commercial Lending and Asset Management. It has a 20.57 P/E ratio. 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.
The stock increased 0.54% or $0.06 during the last trading session, reaching $11.27. About shares traded. NewStar Financial Inc (NASDAQ:NEWS) has risen 28.00% since September 14, 2016 and is uptrending. It has outperformed by 11.30% the S&P500.
Analysts expect NewStar Financial Inc (NASDAQ:NEWS) to report $0.13 EPS on November, 1.They anticipate $0.06 EPS change or 31.58 % from last quarter’s $0.19 EPS. NEWS’s profit would be $5.41M giving it 21.67 P/E if the $0.13 EPS is correct. After having $0.10 EPS previously, NewStar Financial Inc’s analysts see 30.00 % EPS growth.
Capital Z Partners Management Llc holds 52.92% of its portfolio in NewStar Financial Inc for 4.03 million shares. Corsair Capital Llc owns 9.54 million shares or 36.46% of their US portfolio. Moreover, Selkirk Management Llc has 5.01% invested in the company for 852,811 shares. The New Jersey-based Oaktop Capital Management Ii L.P. has invested 4.56% in the stock. Second Curve Capital Llc, a New York-based fund reported 1.20 million shares.#img1#
NewStar Financial Inc (NASDAQ:NEWS) Ratings Coverage
Ratings analysis reveals 0 of Newstar Financial Inc’s analysts are positive. Out of 3 Wall Street analysts rating Newstar Financial Inc, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $5 while the high is $13.50. The stock’s average target of $12.17 is 7.99% above today’s ($11.27) share price. NEWS was included in 6 notes of analysts from August 6, 2015. The firm has “Market Perform” rating by Wood given on Monday, April 4. Wood maintained the stock with “Market Perform” rating in Tuesday, October 6 report. Keefe Bruyette & Woods maintained NewStar Financial Inc (NASDAQ:NEWS) on Wednesday, August 2 with “Hold” rating.
More notable recent NewStar Financial Inc (NASDAQ:NEWS) news were published by: Seekingalpha.com which released: “NewStar Financial’s (NEWS) CEO Tim Conway on Q1 2017 Results – Earnings Call …” on May 03, 2017, also Pehub.com with their article: “NewStar to buy Fifth Street CLO Management” published on July 07, 2017, Nasdaq.com published: “NewStar Financial, Inc. (NEWS) Ex-Dividend Date Scheduled for August 25, 2017” on August 24, 2017. More interesting news about NewStar Financial Inc (NASDAQ:NEWS) were released by: Seekingalpha.com and their article: “NewStar Financial sells equipment finance business” published on December 01, 2016 as well as Seekingalpha.com‘s news article titled: “NewStar Financial’s (NEWS) CEO Tim Conway on Q4 2016 Results – Earnings Call …” with publication date: February 14, 2017.
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