Voya Investment Management LLC grew its position in NewStar Financial, Inc. (NASDAQ:NEWS) by 19.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,293 shares of the credit services provider’s stock after buying an additional 2,444 shares during the period. Voya Investment Management LLC’s holdings in NewStar Financial were worth $161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of NewStar Financial by 86.1% in the 2nd quarter. Prudential Financial Inc. now owns 37,404 shares of the credit services provider’s stock valued at $393,000 after buying an additional 17,300 shares during the period. Corsair Capital LLC increased its stake in shares of NewStar Financial by 0.6% in the 2nd quarter. Corsair Capital LLC now owns 4,263,075 shares of the credit services provider’s stock valued at $44,762,000 after buying an additional 27,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of NewStar Financial by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,590,665 shares of the credit services provider’s stock worth $27,202,000 after purchasing an additional 90,892 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of NewStar Financial by 9.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 93,217 shares of the credit services provider’s stock worth $979,000 after purchasing an additional 8,397 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of NewStar Financial during the second quarter worth $406,000. 73.31% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on NEWS shares. Zacks Investment Research cut NewStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut NewStar Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine cut NewStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Janney Montgomery Scott cut NewStar Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $11.50.

Shares of NewStar Financial, Inc. (NEWS) opened at $11.92 on Wednesday. The company has a debt-to-equity ratio of 4.55, a quick ratio of 9.21 and a current ratio of 10.24. NewStar Financial, Inc. has a 52 week low of $8.03 and a 52 week high of $12.59. The company has a market capitalization of $493.68, a price-to-earnings ratio of 25.28 and a beta of 2.13.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.67%. NewStar Financial’s dividend payout ratio (DPR) is presently 17.02%.

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NewStar Financial 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.

Institutional Ownership by Quarter for NewStar Financial (NASDAQ:NEWS)

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