NewStar Financial (NASDAQ:NEWS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other equities research analysts have also commented on NEWS. Zacks Investment Research lowered NewStar Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Janney Montgomery Scott lowered NewStar Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. NewStar Financial currently has an average rating of “Hold” and a consensus target price of $11.50.

Shares of NewStar Financial (NEWS) traded down $0.10 on Wednesday, reaching $11.82. The company’s stock had a trading volume of 211,795 shares, compared to its average volume of 261,836. NewStar Financial has a fifty-two week low of $8.54 and a fifty-two week high of $12.59. The company has a current ratio of 10.24, a quick ratio of 9.21 and a debt-to-equity ratio of 4.55. The firm has a market cap of $491.18, a PE ratio of 25.15 and a beta of 2.10.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. grew its position 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 last quarter. Corsair Capital LLC grew its position 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 last quarter. Dimensional Fund Advisors LP grew its position in shares of NewStar Financial by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,590,665 shares of the credit services provider’s stock valued at $27,202,000 after buying an additional 90,892 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of NewStar Financial by 9.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 93,217 shares of the credit services provider’s stock valued at $979,000 after buying an additional 8,397 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of NewStar Financial in the 2nd quarter valued at about $406,000. Hedge funds and other institutional investors own 73.84% of the company’s stock.

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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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