Last $11.10 USD
Change Today -0.33 / -2.89%
Volume 25.4K
NEWS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

newstar financial inc (NEWS) Snapshot

Open
$11.34
Previous Close
$11.43
Day High
$11.34
Day Low
$10.92
52 Week High
01/29/14 - $16.87
52 Week Low
11/19/14 - $9.73
Market Cap
528.5M
Average Volume 10 Days
27.4K
EPS TTM
$0.30
Shares Outstanding
47.6M
EX-Date
--
P/E TM
37.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWSTAR FINANCIAL INC (NEWS)

newstar financial inc (NEWS) Related Businessweek News

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newstar financial inc (NEWS) Details

NewStar Financial, Inc. operates as a specialized commercial finance company in the United States. The company focuses primarily on the direct origination of loans and equipment leases for meeting the complex financing needs of companies and private investors in the middle market. It originates, structures, and underwrites senior secured cash flow loans and second lien loans for companies for acquisition financing, growth and working capital, recapitalization, and other purposes; senior secured loans to larger middle market companies; and a range of senior debt financing options, including revolving credit facilities, term loans, and other debt products secured by various business assets. The company also offers revolving lines of credit and senior secured term loans for working capital, acquisition, dividend recapitalization, refinancing and restructuring, corporate growth, and management buyout purposes. In addition, it provides commercial real estate loans and other debt products for various purposes, including acquisitions, lease-ups, repositioning and build-out, and refinancing and recapitalizations of office, multi-family, retail, and industrial properties. Further, the company offers a range of lease financing options to mid-sized companies to fund various types of capital expenditures, including essential-use equipment finance for mid-sized businesses; and leases and loan products to fund a range of equipment types, including manufacturing, technology, healthcare, and telecom equipment. It serves manufacturing, healthcare, industrial/other, financial services, restaurants, auto/transportation, consumer services, tech services, environmental services, cable/telecom, printing/publishing, energy/chemical services, building materials, retail, broadcasting, marketing services, entertainment/leisure, consumer, and other business services industries. The company was founded in 2004 and is headquartered in Boston, Massachusetts.

101 Employees
Last Reported Date: 03/14/14
Founded in 2004

newstar financial inc (NEWS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $475.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $350.0K
Chief Credit Officer
Total Annual Compensation: $769.2K
Head of Leveraged Finance Origination
Total Annual Compensation: $300.0K
Chief Investment Officer, Director and Member...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

newstar financial inc (NEWS) Key Developments

NewStar Financial Inc. Closes New $400 Million Credit Fund

NewStar Financial Inc. announced that it has closed the NewStar Clarendon Fund CLO, a $400 million middle market CLO used to provide leverage for a managed credit fund anchored by an investment from funds sponsored by Franklin Square Capital Partners and sub-advised by GSO Capital. The Clarendon Fund is the third credit fund established by NewStar to co-invest in middle market commercial loans originated by the company.

NewStar Financial, Inc., Special/Extraordinary Shareholders Meeting, Jan 21, 2015

NewStar Financial, Inc., Special/Extraordinary Shareholders Meeting, Jan 21, 2015., at 10:00 US Eastern Standard Time. Location: 500 Boylston Street, Suite 1250. Agenda: To consider the issuance of warrants to purchase 2.5 million shares of common stock of the company to the investors; to consider the approval of eliminating certain exercise restrictions contained in the warrants to purchase 9.5 million shares of common stock of the company; and to consider the approval of the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there is an insufficient number of votes at the special meeting.

NewStar Financial Inc., GSO Capital Partners and Franklin Square Capital Partners Form Strategic Relationship

NewStar Financial Inc., GSO Capital Partners (GSO) and Franklin Square Capital Partners announced that they have formed a strategic relationship to help expand the company’s lower middle market lending and asset management activities. The relationship includes an investment of long-term capital from funds managed by Franklin Square Capital Partners (which are sub-advised by GSO) to help fund the company’s growth strategy and expand the scale of its lower middle market lending activity. Under the terms of the investment, funds managed by Franklin Square have committed to purchase $300 million of 10-year subordinated notes and warrants exercisable into 12 million shares of common stock at an exercise price of $12.62. NewStar expects to use the proceeds from the transaction to enhance its ability to originate and lead transactions across all of its business lines and, as a result, significantly increase origination volume and facilitate asset growth. The strategic relationship between the firms is anticipated to contribute materially to NewStar’s growth, while extending GSO and Franklin Square’s access to the lower middle market. It also allows Franklin Square’s funds and GSO to offer their portfolio companies other financing solutions such as equipment leases and asset-based loans from a market leader. In addition to the investment, the scope of the relationship is expected to result in cross-referral and co-lending opportunities, which are anticipated to provide NewStar with access to new channels of origination, while enabling the Company to provide larger capital commitments and a more complete set of financing options to its clients through its relationship with GSO and Franklin Square.

 

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Industry Analysis

NEWS

Industry Average

Valuation NEWS Industry Range
Price/Earnings 37.9x
Price/Sales 7.4x
Price/Book 0.9x
Price/Cash Flow 34.6x
TEV/Sales NM Not Meaningful
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