Media coverage about NewStar Financial (NASDAQ:NEWS) has been trending somewhat positive on Saturday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. 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 0.16 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 46.7276883845848 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have weighed in on NEWS. BidaskClub downgraded shares of NewStar Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine cut shares of NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. NewStar Financial presently has an average rating of “Hold” and an average target price of $11.50.
Shares of NewStar Financial (NASDAQ:NEWS) traded up 1.12% during mid-day trading on Friday, hitting $11.74. 111,667 shares of the company were exchanged. NewStar Financial has a 12-month low of $8.03 and a 12-month high of $11.91. The stock’s 50-day moving average price is $10.82 and its 200 day moving average price is $10.48. The stock has a market cap of $488.47 million, a PE ratio of 21.19 and a beta of 2.04.
NewStar Financial (NASDAQ:NEWS) last issued its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). NewStar Financial had a return on equity of 3.76% and a net margin of 8.65%. The business had revenue of $20.19 million for the quarter, compared to analyst estimates of $24.32 million. On average, equities analysts anticipate that NewStar Financial will post $0.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, August 25th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.68%. NewStar Financial’s dividend payout ratio (DPR) is presently 14.55%.
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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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