NewStar Financial (NEWS) Earns News Impact Rating of 0.02
News articles about NewStar Financial (NASDAQ:NEWS) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog 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 daily sentiment score of 0.02 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 46.4888100921474 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
NEWS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded NewStar Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine upgraded NewStar Financial from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Finally, BidaskClub downgraded NewStar Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.50.
NewStar Financial (NASDAQ:NEWS) traded down 0.57% on Friday, reaching $10.51. The company’s stock had a trading volume of 7,218 shares. The firm has a market cap of $437.29 million, a P/E ratio of 18.97 and a beta of 2.03. The firm’s 50 day moving average is $10.83 and its 200-day moving average is $10.30. NewStar Financial has a 12 month low of $8.03 and a 12 month high of $11.49.
NewStar Financial (NASDAQ:NEWS) last posted its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The company had revenue of $20.19 million for the quarter, compared to analysts’ expectations of $24.32 million. NewStar Financial had a net margin of 8.65% and a return on equity of 3.76%. On average, equities research analysts anticipate that NewStar Financial will post $0.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, August 25th. NewStar Financial’s dividend payout ratio is currently 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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