Shares last traded at $12.50 a bit higher than $11.59, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $10.70. The 50 day moving average moved up $0.91 and the 200 day average moved up $1.80. 28K shares changed hands on Tuesday. Shares saw a steep decrease in trading volume of 62.26% under the normal average daily volume.
Short traders are feeling a little more bullish on NewStar Financial, Inc. of late if you watch the motion in short interest. The company experienced a fall in short interest of -7.65% as of September 29, 2017 from the last reporting period. Short shares fell from 511,314 to 472,216 over that period. The short-interest ratio increased to 7.0 and the percentage of shorted shares is 0.01% as of September 29.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Two Sigma Advisers, Lp had sold 5,800 shares trimming its stake by 16.1%. The value in dollars decreased from $382,000 to $318,000 a change of 16.8% since the last quarter. Capital Z Partners Management, LLC expanded its stake by buying 10,094 shares an increase of 0.3% in the quarter. Capital Z Partners Management, LLC owns 4,040,244 shares with a value of $42,423,000. The value of the position overall is down by 0.5%.
As of quarter end Ubs Group Ag had acquired a total of 230 shares growing its holdings by 29.9%. The value of the company’s investment in NewStar Financial, Inc. went from $8,000 to $11,000 a change of $3,000 for the reporting period. As of quarter end Squarepoint Ops LLC had bought a total of 1,014 shares growing its position 7.5%. The value of the investment in (NEWS) went from $144,000 to $153,000 increasing 6.3% quarter over quarter.
In the market the company is trading up from yesterday’s close of 12.2. NewStar Financial, Inc. also recently declared a dividend for shareholders that was paid on Friday September 15th, 2017. The dividend payment was $0.020 per share for the quarter which comes to $0.08 on an annualized basis. The dividend yield was $0.65. The ex-dividend date was set for Friday the 25th of August 2017.
The company’s P/E ratio is 22.56 and market capitalization is 520.09M. As of the last earnings report the EPS was $0.55 and is estimated to be $0.43 for the current year with 41,607,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.15 and the next full year EPS is projected to be $0.69.
NewStar Financial, Inc. (NewStar), launched on May 22, 2003, 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. The Asset Management segment represents its investment advisory activities, which are focused on providing opportunities for qualified investors to invest in a range of credit funds managed by the Company..