Shares of NewStar Financial Inc. (NASDAQ:NEWS) gapped up before the market opened 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 changing hands.

Several brokerages have recently commented on NEWS. Zacks Investment Research upgraded NewStar Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of NewStar Financial in a report on Monday, April 4th.

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

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

An institutional investor recently raised its position in NewStar Financial stock. Dimensional Fund Advisors LP boosted its position 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 about 5.34% of NewStar Financial worth $22,013,000 at the end of the most recent quarter.

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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