Northwestern Mutual Investment Management Company LLC Maintains Position in NewStar Financial Inc (NEWS)

Northwestern Mutual Investment Management Company LLC held its position in shares of NewStar Financial Inc (NASDAQ:NEWS) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,623,510 shares of the credit services provider’s stock at the end of the first quarter. Northwestern Mutual Investment Management Company LLC’s holdings in NewStar Financial were worth $17,177,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC acquired a new position in shares of NewStar Financial during the first quarter worth $123,000. Parametric Portfolio Associates LLC boosted its position in shares of NewStar Financial by 69.8% in the first quarter. Parametric Portfolio Associates LLC now owns 17,504 shares of the credit services provider’s stock worth $185,000 after buying an additional 7,198 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of NewStar Financial during the fourth quarter worth $221,000. Virginia Retirement Systems ET AL acquired a new position in shares of NewStar Financial during the first quarter worth $258,000. Finally, Wells Fargo & Company MN boosted its position in shares of NewStar Financial by 67.9% in the first quarter. Wells Fargo & Company MN now owns 24,767 shares of the credit services provider’s stock worth $262,000 after buying an additional 10,019 shares during the period. 81.93% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for NewStar Financial (NASDAQ:NEWS)

Shares of NewStar Financial Inc (NASDAQ:NEWS) traded down 0.33% on Friday, hitting $8.96. 76,035 shares of the stock were exchanged. The company has a market cap of $376.97 million, a P/E ratio of 16.00 and a beta of 1.94. NewStar Financial Inc has a one year low of $6.89 and a one year high of $11.37. The firm’s 50-day moving average is $10.28 and its 200-day moving average is $9.67.

NewStar Financial (NASDAQ:NEWS) last released its earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.19 by $0.16. NewStar Financial had a net margin of 7.76% and a return on equity of 3.34%. The business had revenue of $20.14 million for the quarter, compared to analyst estimates of $26.27 million. On average, equities analysts forecast that NewStar Financial Inc will post $0.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, May 25th.

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A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of NewStar Financial from a “hold” rating to a “sell” rating in a research note on Saturday, May 6th. Keefe, Bruyette & Woods set a $11.00 price objective on shares of NewStar Financial and gave the stock a “hold” rating in a research note on Monday, April 10th. Finally, TheStreet raised shares of NewStar Financial from a “d” rating to a “c-” rating in a research note on Monday, April 3rd.

About NewStar Financial

NewStar Financial, Inc (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies.

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