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

Several equities analysts recently weighed in on NEWS shares. Keefe, Bruyette & Woods increased their target price on NewStar Financial from $5.00 to $11.00 and gave the stock a “market perform” rating in a research report on Friday, April 1st. Zacks Investment Research upgraded NewStar Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 8th.

The stock has a market cap of $474.13 million and a P/E ratio of 25.38. The company has a 50-day moving average price of $9.28 and a 200-day moving average price of $8.33.

NewStar Financial (NASDAQ:NEWS) last issued its quarterly earnings results 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. Analysts anticipate that NewStar Financial Inc. will post $0.59 earnings per share for the current year.

A hedge fund recently raised its stake in NewStar Financial stock. Dimensional Fund Advisors LP boosted its stake in shares of NewStar Financial Inc. (NASDAQ:NEWS) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 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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