Schwab Charles Investment Management Inc. raised its holdings in NewStar Financial Inc (NASDAQ:NEWS) by 29.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,838 shares of the credit services provider’s stock after acquiring an additional 27,621 shares during the period. Schwab Charles Investment Management Inc.’s holdings in NewStar Financial were worth $1,419,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NEWS. Jacobs Asset Management LLC raised its holdings in NewStar Financial by 24.3% in the 2nd quarter. Jacobs Asset Management LLC now owns 1,514,390 shares of the credit services provider’s stock valued at $15,901,000 after acquiring an additional 295,719 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NewStar Financial by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,590,665 shares of the credit services provider’s stock valued at $27,202,000 after acquiring an additional 90,892 shares during the last quarter. Northern Trust Corp raised its holdings in NewStar Financial by 32.0% in the 2nd quarter. Northern Trust Corp now owns 328,786 shares of the credit services provider’s stock valued at $3,452,000 after acquiring an additional 79,612 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in NewStar Financial by 71.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 162,154 shares of the credit services provider’s stock valued at $1,703,000 after acquiring an additional 67,683 shares during the last quarter. Finally, State Street Corp raised its holdings in NewStar Financial by 11.7% in the 2nd quarter. State Street Corp now owns 479,707 shares of the credit services provider’s stock valued at $5,039,000 after acquiring an additional 50,109 shares during the last quarter. Institutional investors own 73.35% of the company’s stock.

A number of analysts have commented on NEWS shares. BidaskClub downgraded shares of NewStar Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Janney Montgomery Scott downgraded shares of NewStar Financial from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of NewStar Financial from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.50.

Shares of NewStar Financial Inc (NASDAQ:NEWS) opened at $11.98 on Monday. The company has a market cap of $497.83, a PE ratio of 119.80 and a beta of 2.09. 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 Inc has a 1-year low of $8.54 and a 1-year high of $12.59.

NewStar Financial (NASDAQ:NEWS) last announced its quarterly earnings results on Wednesday, November 1st. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). NewStar Financial had a return on equity of 2.80% and a net margin of 20.84%. equities research analysts expect that NewStar Financial Inc will post 0.38 earnings per share for the current year.

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

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