NewStar Financial, Inc. (NASDAQ:NEWS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.

NEWS has been the subject of a number of other reports. Zacks Investment Research lowered NewStar Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. ValuEngine upgraded NewStar Financial from a “hold” rating to a “buy” rating in a report on Saturday, May 20th. Four equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Shares of NewStar Financial (NEWS) opened at 10.47 on Friday. NewStar Financial has a 52 week low of $8.03 and a 52 week high of $11.49. The company’s 50 day moving average price is $10.79 and its 200-day moving average price is $10.19. The company has a market capitalization of $435.63 million, a price-to-earnings ratio of 18.90 and a beta of 2.03.

NewStar Financial (NASDAQ:NEWS) last posted its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $20.19 million during the quarter, compared to analysts’ expectations of $24.32 million. NewStar Financial had a net margin of 8.65% and a return on equity of 3.76%. Analysts anticipate that NewStar Financial will post $0.43 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEWS. Oaktop Capital Management II L.P. acquired a new position in NewStar Financial during the second quarter worth approximately $23,701,000. Kestrel Investment Management Corp acquired a new position in NewStar Financial during the first quarter worth approximately $3,092,000. Renaissance Technologies LLC acquired a new position in NewStar Financial during the fourth quarter worth approximately $1,995,000. Second Curve Capital LLC boosted its position in NewStar Financial by 11.2% in the first quarter. Second Curve Capital LLC now owns 1,336,049 shares of the credit services provider’s stock worth $14,135,000 after buying an additional 135,000 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in NewStar Financial during the first quarter worth approximately $1,030,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

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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