NewStar Financial Inc. (NASDAQ:NEWS)’s share price dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $9.01 and last traded at $9.98, with a volume of 55,963 shares changing hands. The stock had previously closed at $10.24.

NEWS has been the topic of several research reports. Zacks Investment Research upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Wednesday, May 4th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of NewStar Financial in a report on Monday, April 4th.

The company has a market cap of $478.42 million and a price-to-earnings ratio of 25.61. The company has a 50 day moving average of $9.20 and a 200-day moving average of $8.31.

NewStar Financial (NASDAQ:NEWS) last posted its earnings results on Wednesday, May 4th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.28. Equities research analysts forecast 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 raised its stake in NewStar Financial Inc. (NASDAQ:NEWS) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 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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