NewStar Financial, Inc. (NEWS) Stake Maintained by Soros Fund Management LLC

Soros Fund Management LLC maintained its position in NewStar Financial, Inc. (NASDAQ:NEWS) during the first quarter, Holdings Channel reports. The fund owned 1,107,683 shares of the credit services provider’s stock at the end of the first quarter. Soros Fund Management LLC’s holdings in NewStar Financial were worth $11,719,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in NewStar Financial by 3.1% in the first quarter. Bank of America Corp DE now owns 57,239 shares of the credit services provider’s stock valued at $606,000 after buying an additional 1,697 shares in the last quarter. KCG Holdings Inc. raised its stake in NewStar Financial by 38.5% in the first quarter. KCG Holdings Inc. now owns 15,196 shares of the credit services provider’s stock valued at $161,000 after buying an additional 4,228 shares in the last quarter. Citadel Advisors LLC raised its stake in NewStar Financial by 90.1% in the first quarter. Citadel Advisors LLC now owns 34,299 shares of the credit services provider’s stock valued at $363,000 after buying an additional 16,261 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NewStar Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,499,773 shares of the credit services provider’s stock valued at $26,448,000 after buying an additional 8,385 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in NewStar Financial by 26.7% in the first quarter. TIAA CREF Investment Management LLC now owns 94,471 shares of the credit services provider’s stock valued at $1,000,000 after buying an additional 19,936 shares in the last quarter. 73.58% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for NewStar Financial (NASDAQ:NEWS)

NewStar Financial, Inc. (NASDAQ NEWS) traded down 3.07% during midday trading on Friday, reaching $10.43. The company had a trading volume of 238,199 shares. NewStar Financial, Inc. has a one year low of $7.41 and a one year high of $11.37. The stock’s 50 day moving average is $9.73 and its 200 day moving average is $9.70. The company has a market capitalization of $438.82 million, a PE ratio of 18.62 and a beta of 2.10.

NewStar Financial (NASDAQ:NEWS) last posted its earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.16. The company had revenue of $20.14 million for the quarter, compared to the consensus estimate of $26.27 million. NewStar Financial had a return on equity of 3.91% and a net margin of 8.98%. Equities research analysts forecast that NewStar Financial, Inc. will post $0.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, May 25th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.77%. NewStar Financial’s payout ratio is presently 14.29%.

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Several equities research analysts have recently weighed in on NEWS shares. ValuEngine upgraded NewStar Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 20th. TheStreet upgraded NewStar Financial from a “d” rating to a “c-” rating in a research note on Monday, April 3rd. Zacks Investment Research lowered NewStar Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods set a $11.00 price objective on NewStar Financial and gave the company a “hold” rating in a research note on Monday, April 10th.

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.

Want to see what other hedge funds are holding NEWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NewStar Financial, Inc. (NASDAQ:NEWS).

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