BidaskClub upgraded shares of NewStar Financial, Inc. (NASDAQ:NEWS) from a hold rating to a buy rating in a research report report published on Thursday.

Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of NewStar Financial from a hold rating to a buy rating in a report on Saturday, May 20th. Zacks Investment Research raised shares of NewStar Financial from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. NewStar Financial has a consensus rating of Hold and an average price target of $11.50.

Shares of NewStar Financial (NASDAQ NEWS) traded up 0.76% during midday trading on Thursday, reaching $10.65. The company had a trading volume of 26,862 shares. NewStar Financial has a 52 week low of $8.03 and a 52 week high of $11.49. The stock has a 50-day moving average of $10.84 and a 200 day moving average of $10.31. The firm has a market capitalization of $443.11 million, a price-to-earnings ratio of 19.22 and a beta of 2.03.

NewStar Financial (NASDAQ:NEWS) last released its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $20.19 million during the quarter, compared to analyst estimates of $24.32 million. NewStar Financial had a net margin of 8.65% and a return on equity of 3.76%. On average, analysts anticipate that NewStar Financial will post $0.43 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “NewStar Financial, Inc. (NEWS) Lifted to “Buy” at BidaskClub” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/27/newstar-financial-inc-news-lifted-to-buy-at-bidaskclub.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be paid a $0.02 dividend. The ex-dividend date is Friday, August 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.75%. NewStar Financial’s dividend payout ratio (DPR) is 14.55%.

Several hedge funds have recently bought and sold shares of the stock. Oaktop Capital Management II L.P. purchased a new stake in NewStar Financial during the second quarter valued at $23,701,000. Jacobs Asset Management LLC boosted its stake in NewStar Financial by 24.3% in the second quarter. Jacobs Asset Management LLC now owns 1,514,390 shares of the credit services provider’s stock valued at $15,901,000 after buying an additional 295,719 shares during the period. Kestrel Investment Management Corp purchased a new stake in NewStar Financial during the first quarter valued at $3,092,000. Second Curve Capital LLC boosted its stake in NewStar Financial by 11.2% in the first quarter. Second Curve Capital LLC now owns 1,336,049 shares of the credit services provider’s stock valued at $14,135,000 after buying an additional 135,000 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in NewStar Financial during the first quarter valued at $1,030,000. 74.58% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Stock Ratings for NewStar Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewStar Financial Inc. and related stocks with our FREE daily email newsletter.