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Last $9.90 USD
Change Today -0.02 / -0.20%
Volume 91.8K
NEWS On Other Exchanges
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

newstar financial inc (NEWS) Snapshot

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52 Week High
06/23/14 - $14.35
52 Week Low
05/22/15 - $9.38
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Current Stock Chart for NEWSTAR FINANCIAL INC (NEWS)

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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. Forms New Financing Subsidiary, Newstar Warehouse Funding I

NewStar Financial Inc. announced that it has formed a new financing subsidiary, NewStar Warehouse Funding I, which has entered into a $175 million revolving warehouse financing arrangement with Citibank, N.A. The credit facility will be used to partially fund eligible loans originated by the company's Leveraged Finance group. The facility has a target advance rate of 70% and matures in May 2020. It is structured with a three-year revolving, reinvestment period and will amortize over the remaining two years. NewStar Financial will serve as originator and collateral manager.

NewStar Financial, Inc. Enters into the Loan and Servicing Agreement

On May 5, 2015, NewStar Financial Inc. entered into the Loan and Servicing Agreement by and among NewStar Warehouse Funding I LLC, as the borrower, the company, as the originator and the collateral manager, Citibank, N.A. as the administrative agent, U.S. Bank National Association, as the trustee and the custodian, and each of the lenders from time to time party to the Agreement, establishing a $175,000,000 revolving credit facility. Under the Credit Facility, the company may borrow to partially fund eligible loan origination. Advances under the Credit Facility may be drawn, repaid and drawn again, subject to availability under a borrowing base. The Credit Facility provides for a reinvestment period of three years, followed by an amortization period of two years. The Credit Facility matures on May 5, 2020.

NewStar Financial, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

NewStar Financial, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $17,415,000 against $20,626,000 a year ago. Operating income before income taxes was $4,331,000 against $9,409,000 a year ago. Income before income taxes was $4,331,000 against $10,537,000 a year ago. Net income was $2,539,000 or $0.05 per basic and diluted share against $6,203,000 or $0.12 per diluted share a year ago. Return on average assets was 0.36% against 0.98% a year ago. Return on average equity was 1.57% against 4.05% a year ago. Book value per share as on March 31, 2015 was $14.26 against $12.76 a year ago. Despite a 12% increase in interest income in the first quarter, net interest income decreased to $17.4 million from $18.5 million in the prior quarter due to higher interest expense driven by increased leverage and higher cost of funds resulting from the continuing amortization of low-cost CLO notes issued in 2007, as well as, the issuance of higher cost subordinated debt at the end of 2014.


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Valuation NEWS Industry Range
Price/Earnings 72.6x
Price/Sales 8.3x
Price/Book 0.7x
Price/Cash Flow 65.8x
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