NewStar Financial Inc. (NASDAQ:NEWS) was up 13.3% during trading on Friday . The company traded as high as $10.05 and last traded at $9.96, with a volume of 55,865 shares. The stock had previously closed at $8.79.

A number of equities research analysts recently commented on NEWS shares. Zacks Investment Research raised NewStar Financial from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of NewStar Financial in a research note on Monday, April 4th.

The firm has a market capitalization of $474.60 million and a PE ratio of 25.41. The stock’s 50-day moving average price is $8.99 and its 200-day moving average price is $8.28.

NewStar Financial (NASDAQ:NEWS) last issued its earnings results on Wednesday, May 4th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.28. Equities analysts predict that NewStar Financial Inc. will post $0.59 EPS for the current year.

A hedge fund recently raised its stake in NewStar Financial stock. Dimensional Fund Advisors LP increased its stake in NewStar Financial Inc. (NASDAQ:NEWS) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,451,301 shares of the company’s stock after buying an additional 8,722 shares during the period. Dimensional Fund Advisors LP owned approximately 5.34% of NewStar Financial worth $22,013,000 as of its most recent filing with the SEC.

NewStar Financial, Inc (NewStar) is a commercial finance company with specialized lending platforms focused on meeting the financing needs of companies and private investors in the middle market. The Company and its wholly owned investment management subsidiary, NewStar Capital LLC, are registered investment advisors and provide asset management services to institutional investors.

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