NewStar Financial Inc (NASDAQ:NEWS) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.00.

A number of equities analysts have issued reports on the stock. Janney Montgomery Scott cut shares of NewStar Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of NewStar Financial from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, BidaskClub raised shares of NewStar Financial from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th.

NewStar Financial (NASDAQ NEWS) opened at $11.77 on Wednesday. NewStar Financial has a 52 week low of $8.42 and a 52 week high of $12.59. The stock has a market cap of $494.51, a P/E ratio of 25.32 and a beta of 2.10. The company has a quick ratio of 9.21, a current ratio of 10.24 and a debt-to-equity ratio of 4.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.68%. NewStar Financial’s payout ratio is presently 17.02%.

A number of hedge funds have recently made changes to their positions in the business. Virginia Retirement Systems ET AL boosted its position in shares of NewStar Financial by 5.3% during the second quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the credit services provider’s stock worth $270,000 after purchasing an additional 1,300 shares in the last quarter. Bank of America Corp DE boosted its position in shares of NewStar Financial by 3.1% during the first quarter. Bank of America Corp DE now owns 57,239 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 1,697 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of NewStar Financial by 13.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 17,046 shares of the credit services provider’s stock worth $180,000 after purchasing an additional 2,021 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of NewStar Financial by 7.9% during the second quarter. Alliancebernstein L.P. now owns 32,700 shares of the credit services provider’s stock worth $343,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of NewStar Financial by 19.0% during the second quarter. Voya Investment Management LLC now owns 15,293 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 2,444 shares in the last quarter. 73.84% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “NewStar Financial Inc (NEWS) Given Average Rating of “Hold” by Brokerages” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/06/newstar-financial-inc-news-given-average-rating-of-hold-by-brokerages.html.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.