NewStar Financial Inc (NASDAQ:NEWS) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has upgraded NewStar Financial Inc (NASDAQ:NEWS) to Hold in a statement released on Wednesday October 05, 2016.
Having a price of $9.95, NewStar Financial Inc (NASDAQ:NEWS) traded -2.06% lower on the day. With the last close up 11.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. NewStar Financial Inc has recorded a 50-day average of $10.14 and a two hundred day average of $9.40. Volume of trade was down over the average, with 12,344 shares of NEWS changing hands under the typical 27,631
With a total market value of $0, NewStar Financial Inc has 52 week low of $4.25 and a 52 week high of $11.37 with a PE ratio of 26.07 .
Brief Synopsis On 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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