Shares of NewStar Financial Inc. (NASDAQ:NEWS) were up 13.3% 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.

Several equities analysts have recently commented on NEWS shares. Zacks Investment Research upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, May 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of NewStar Financial in a research report on Monday, April 4th.

The company has a 50-day moving average of $8.99 and a 200-day moving average of $8.28. The stock has a market capitalization of $474.60 million and a price-to-earnings ratio of 25.41.

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