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Last $11.16 USD
Change Today -0.23 / -2.02%
Volume 42.8K
NEWS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

newstar financial inc (NEWS) Snapshot

Open
$11.18
Previous Close
$11.39
Day High
$11.47
Day Low
$11.05
52 Week High
10/31/14 - $13.98
52 Week Low
05/22/15 - $9.38
Market Cap
510.3M
Average Volume 10 Days
39.1K
EPS TTM
$0.41
Shares Outstanding
45.7M
EX-Date
--
P/E TM
26.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWSTAR FINANCIAL INC (NEWS)

newstar financial inc (NEWS) Related Businessweek News

No Related Businessweek News Found

newstar financial inc (NEWS) Details

NewStar Financial, Inc. operates as a commercial finance company in the United States. It provides senior secured cash flow loans, and second lien and unitranche loans to middle market companies for acquisitions, recapitalizations, and refinancing or other general corporate purposes; and senior secured loans to larger middle market companies. The company also offers working capital financing, such as asset-based loans, including revolving lines of credit, and senior secured term loans to asset-intensive companies for acquisitions, recapitalizations, and growth strategies. In addition, it provides first mortgage transitional financing to professional real estate investors and developers to acquire and reposition commercial properties comprising office, multi-family, retail, and industrial properties. Further, the company offers a range of equipment loan and lease financing options to mid-sized companies to fund various equipment types consisting of manufacturing, technology, healthcare, transportation, and telecom equipment, as well as it provides investment advisory and asset management services. It serves healthcare, manufacturing and industrial, financial services, energy/chemical services, printing/publishing, business and technology services, auto/transportation, marketing, wholesale distribution, technology, telecommunications, and education, as well as consumer, retail, and restaurant industries. The company was founded in 2004 and is headquartered in Boston, Massachusetts.

98 Employees
Last Reported Date: 03/26/15
Founded in 2004

newstar financial inc (NEWS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $700.0K
Chief Financial Officer
Total Annual Compensation: $400.0K
Chief Credit Officer
Total Annual Compensation: $350.0K
Head of Leveraged Finance Origination
Total Annual Compensation: $300.0K
Chief Investment Officer, Director and Member...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

newstar financial inc (NEWS) Key Developments

NewStar Financial Inc. Amends Loan Agreement

NewStar Financial Inc. amended a loan and servicing agreement to increase the commitment amount to $475.0 million from $425.0 million. The amendment also extends the revolving period to August 10, 2018, and the final maturity date to Aug. 10, 2020; modifies the advance rates from a flat structure to a grid structure based on loan type; and modifies the concentration limits. The agreement is among the company as originator and servicer, NewStar CP Funding LLC as borrower, Wells Fargo Bank NA as swingline bank, Wells Fargo Securities LLC as administrative agent, US Bank NA as trustee, and certain lenders.

NewStar Financial, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

NewStar Financial, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $15,786,000 against $19,668,000 a year ago. Operating income before income taxes was $8,563,000 against operating loss before income taxes of $3,143,000 a year ago. Income before income taxes was $8,563,000 against loss before income taxes of $3,180,000 a year ago. Net income was $5,000,000 or $0.11 per diluted share against net loss of $1,855,000 or $0.04 per diluted share a year ago. Return on average assets was 0.61% against negative return on average assets of 0.29% a year ago. Return on average equity was 3.05% against negative return on average assets of 1.20% a year ago. Adjusted net income, excluding debt extinguishment costs recognized in connection with the prepayment of corporate debt during the quarter, was $7.1 million, or $0.15 per diluted share. Book value per share increased $0.10 to $14.36 at the end of the second quarter of 2015, up from $14.26 at the end of the prior quarter due primarily to net income for the quarter. Net interest income after provision for credit losses was $12,578,000 against $7,016,000 a year ago. For the six months, the company reported net interest income of $33,201,000 against $40,294,000 a year ago. Operating income before income taxes was $12,894,000 against was $6,266,000 a year ago. Income before income taxes was $12,894,000 against $7,357,000 a year ago. Net income was $7,539,000 or $0.15 per diluted share against $4,348,000 or $0.08 per diluted share a year ago. Return on average assets was 0.49% against 0.34% a year ago. Return on average equity was 2.31% against 1.41% a year ago. Net interest income after provision for credit losses was $23,015,000 against $21,835,000 a year ago. For the quarter, the company reported net charge-offs of $4,000,000 compared to $13,152,000 for the same period a year ago.

NewStar Financial, Inc. to Report Q2, 2015 Results on Aug 05, 2015

NewStar Financial, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 05, 2015

 

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NEWS:US $11.16 USD -0.23

NEWS Competitors

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Company Last Change
Anworth Mortgage Asset Corp $5.01 USD -0.02
Arbor Realty Trust Inc $6.31 USD -0.08
Arlington Asset Investment Corp $16.23 USD -0.42
Dynex Capital Inc $6.62 USD -0.08
RAIT Financial Trust $5.19 USD 0.00
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Industry Analysis

NEWS

Industry Average

Valuation NEWS Industry Range
Price/Earnings 41.2x
Price/Sales 7.8x
Price/Book 0.8x
Price/Cash Flow 37.8x
TEV/Sales NM Not Meaningful
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