Somewhat Negative Media Coverage Somewhat Unlikely to Affect NewStar Financial (NEWS) Share Price
Headlines about NewStar Financial (NASDAQ:NEWS) have trended somewhat negative recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NewStar Financial earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned media coverage about the credit services provider an impact score of 47.168277766268 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
NewStar Financial (NEWS) opened at $11.96 on Friday. The stock has a market capitalization of $497.01, a PE ratio of 25.45 and a beta of 2.13. NewStar Financial has a 1-year low of $8.03 and a 1-year high of $12.59. The company has a quick ratio of 9.67, a current ratio of 10.24 and a debt-to-equity ratio of 4.55.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, November 28th. NewStar Financial’s dividend payout ratio is 17.02%.
NEWS has been the subject of a number of research reports. BidaskClub upgraded NewStar Financial from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered NewStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine lowered NewStar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Janney Montgomery Scott lowered NewStar Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.50.
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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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