The California State Teachers Retirement System decides to keep it stake in NewStar Financial Inc. (NEWS) to the level of $433,000

The California State Teachers Retirement System decides to keep it stake in NewStar Financial Inc. (NEWS) to the level of $433,000

California State Teachers Retirement System boosted its position in NewStar Financial Inc. (NASDAQ:NEWS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,403 shares of the company’s stock after buying an additional 259 shares during the period. California State Teachers Retirement System owned about 0.11% of NewStar Financial worth $433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEWS. Wedge Capital Management L L P NC increased its position in shares of NewStar Financial by 85.8% in the second quarter. Wedge Capital Management L L P NC now owns 63,365 shares of the company’s stock worth $367,000 after buying an additional 29,265 shares during the period. Sippican Capital Advisors increased its position in shares of NewStar Financial by 11.5% in the second quarter. Sippican Capital Advisors now owns 239,158 shares of the company’s stock worth $2,014,000 after buying an additional 24,695 shares during the period. Kennedy Capital Management Inc. increased its position in shares of NewStar Financial by 0.3% in the first quarter. Kennedy Capital Management Inc. now owns 302,028 shares of the company’s stock worth $2,643,000 after buying an additional 830 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of NewStar Financial by 1.0% in the first quarter. Geode Capital Management LLC now owns 156,508 shares of the company’s stock worth $1,369,000 after buying an additional 1,561 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

NewStar Financial Inc. (NASDAQ:NEWS) traded up 2.60% during midday trading on Wednesday, reaching $10.65. 7,197 shares of the company’s stock traded hands. The stock has a market cap of $496.96 million, a PE ratio of 26.49 and a beta of 1.91. The stock’s 50 day moving average price is $10.16 and its 200-day moving average price is $9.44. NewStar Financial Inc. has a one year low of $4.25 and a one year high of $11.37.

NewStar Financial (NASDAQ:NEWS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $25.30 million for the quarter, compared to analysts’ expectations of $24.40 million. NewStar Financial had a return on equity of 2.82% and a net margin of 6.97%. Equities analysts predict that NewStar Financial Inc. will post $0.47 earnings per share for the current year.

NEWS has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of NewStar Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Keefe, Bruyette & Woods boosted their price target on shares of NewStar Financial from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Thursday, August 4th. Finally, TheStreet downgraded shares of NewStar Financial from a “hold” rating to a “sell” rating in a report on Friday, September 9th.

About NewStar Financial

NewStar Financial, Inc (NewStar) is a commercial finance company with specialized lending platforms focused on meeting the financing needs of companies and private investors in the middle market. The Company and its wholly owned investment management subsidiary, NewStar Capital LLC, are registered investment advisors and provide asset management services to institutional investors.

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