Revenue Update on NewStar Financial Inc(NASDAQ:NEWS)

NewStar Financial Inc(NASDAQ:NEWS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $25.27M. Analysts estimated a revenue of $24.42M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.15.

NewStar Financial Inc (NEWS) made into the market gainers list on Fridays trading session with the shares advancing 2.66% or 0.26 points. Due to strong positive momentum, the stock ended at $10.02, which is also near the day’s high of $10.07. The stock began the session at $9.58 and the volume stood at 29,733 shares. The 52-week high of the shares is $12.55 and the 52 week low is $4.25. The company has a current market capitalization of $468 M and it has 4,66,63,178 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Maureen Ohara (director) purchased 300 shares at $9.75 per share price.Also, On Apr 14, 2015, Capital Llc Corsair (10% owner) sold 166,557 shares at $13.10 per share price.On Apr 13, 2015, Frank R Noonan (director) sold 10,598 shares at $11.09 per share price, according to the Form-4 filing with the securities and exchange commission.

NewStar Financial Inc. 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 is also a registered investment adviser and provides asset management services to institutional investors through a series of managed credit funds that co-invest in certain types of loans originated by the Company. Through its specialized lending platforms the Company provides a range of senior secured debt financing options to mid-sized companies to fund working capital growth strategies acquisitions and recapitalizations as well as purchases of equipment and other capital assets. The Company provides financing commitments to companies in amounts that range in size from $10 million to $50 million. The Company’s lending activities are organized into four specialized lending groups: Leveraged Finance Business Credit Real Estate and Equipment Finance.

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