NewStar Financial, Inc. (NASDAQ:NEWS) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 29th will be paid a dividend of 0.02 per share by the credit services provider on Friday, December 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, November 28th.

Shares of NewStar Financial (NASDAQ NEWS) opened at $11.82 on Thursday. The company has a quick ratio of 9.21, a current ratio of 10.24 and a debt-to-equity ratio of 4.55. NewStar Financial has a fifty-two week low of $8.03 and a fifty-two week high of $12.59. The firm has a market cap of $495.35, a PE ratio of 25.36 and a beta of 2.13.

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Several brokerages recently commented on NEWS. BidaskClub cut shares of NewStar Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine cut shares of NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Janney Montgomery Scott cut shares of NewStar Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.50.

NewStar Financial Company Profile

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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