NewStar Financial Inc. (NASDAQ:NEWS) gapped up prior to trading on Thursday . The stock had previously closed at $8.05, but opened at $8.29. NewStar Financial shares last traded at $8.66, with a volume of 11,266 shares traded.

A number of brokerages have recently issued reports on NEWS. Zacks Investment Research raised shares of NewStar Financial from a “sell” rating to a “hold” rating in a report on Friday, April 8th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of NewStar Financial in a report on Monday, April 4th.

The firm has a 50-day moving average of $8.90 and a 200-day moving average of $8.27. The company has a market cap of $418.85 million and a P/E ratio of 22.42.

NewStar Financial (NASDAQ:NEWS) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.12 by $0.28. On average, equities analysts anticipate 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 raised its stake in NewStar Financial Inc. (NASDAQ:NEWS) by 0.4% during the fourth quarter, Holdings Channel reports. The fund 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 at the end of the most recent reporting period.

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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