A report released today by Zacks Investment Research about NewStar Financial Inc (NASDAQ:NEWS) raises the target price to $11.00
- Updated: February 17, 2017
Only yesterday NewStar Financial Inc (NASDAQ:NEWS) traded 0.42% higher at $9.52. NewStar Financial Inc’s 50-day moving average is $9.12 and its 200-day moving average is $9.53. With the last close down -0.06% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.06% over the same period. Trade Volume was down over the average, with 0 shares of NEWS changing hands under the typical 145,331
NewStar Financial Inc (NASDAQ:NEWS) had its price target upped to $11.00 by Zacks Investment Research in an issued report announced 2/17/2017. The bumped up target suggests a potential upside of 0.16% from the company's last stock close price.
With a total market value of $0, NewStar Financial Inc has price-earnings ratio of 15.61 with a one year low of $6.44 and a one year high of $11.37 .
General Information About NewStar Financial Inc (NASDAQ:NEWS)
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. The Company manages various private credit funds that co-invest in loan origination through its leveraged finance lending platform. Through its wholly owned subsidiary, the Company also manages a series of funds structured as collateralized loan obligations (CLOs) that invest primarily in broadly syndicated loans, as well as other sponsored funds and managed accounts that invest across various asset classes, including broadly syndicated loans, high yield bonds and distressed credits. The Company's loan portfolio includes loans, leases and other debt products.
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