Headlines about NewStar Financial (NASDAQ:NEWS) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NewStar Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 46.602816053188 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have weighed in on NEWS. BidaskClub downgraded NewStar Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine downgraded NewStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded NewStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.50.
NewStar Financial (NASDAQ:NEWS) traded up 1.12% during trading on Friday, reaching $11.74. The company had a trading volume of 111,667 shares. The stock has a 50 day moving average of $10.82 and a 200-day moving average of $10.48. The stock has a market capitalization of $488.47 million, a P/E ratio of 21.19 and a beta of 2.04. NewStar Financial has a 12-month low of $8.03 and a 12-month high of $11.93.
NewStar Financial (NASDAQ:NEWS) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.05). NewStar Financial had a return on equity of 3.76% and a net margin of 8.65%. The firm had revenue of $20.19 million during the quarter, compared to analyst estimates of $24.32 million. On average, analysts forecast that NewStar Financial will post $0.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, August 25th. NewStar Financial’s dividend payout ratio (DPR) is presently 14.55%.
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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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