As Newstar Financial INC (NEWS) Stock Declined, Capital Z Partners Management LLC Trimmed Holding by $49.92 Million

July 18, 2017 - By Marie Mckinney

Investors sentiment increased to 2.43 in Q4 2016. Its up 1.43, from 1 in 2016Q3. It improved, as 2 investors sold NEWS shares while 19 reduced holdings. 27 funds opened positions while 24 raised stakes. 29.76 million shares or 13.85% less from 34.54 million shares in 2016Q3 were reported. Millennium Mngmt Ltd Liability Com stated it has 64,610 shares or 0% of all its holdings. Citadel Advisors Ltd Liability Com holds 0% in NewStar Financial Inc (NASDAQ:NEWS) or 18,038 shares. Northern Tru Corporation invested in 0% or 256,019 shares. Vanguard Grp Inc has 1.98M shares for 0% of their portfolio. Bank & Trust Of America De invested in 55,542 shares. Earnest Limited Company reported 1,600 shares stake. Tiaa Cref Investment Management Ltd Co, New York-based fund reported 74,535 shares. Wedge Cap Mgmt L Lp Nc holds 0% of its portfolio in NewStar Financial Inc (NASDAQ:NEWS) for 34,100 shares. Moreover, Mufg Americas Hldgs has 0% invested in NewStar Financial Inc (NASDAQ:NEWS) for 150 shares. Hutchin Hill LP has 0% invested in NewStar Financial Inc (NASDAQ:NEWS). Nationwide Fund Advsr invested in 0% or 21,635 shares. 12,800 are held by Credit Suisse Ag. Rhumbline Advisers holds 46,899 shares. Numeric Investors Limited Liability Co invested 0% of its portfolio in NewStar Financial Inc (NASDAQ:NEWS). 10,968 were accumulated by Kcg Hldg.

Capital Z Partners Management Llc decreased its stake in Newstar Financial Inc. (NEWS) by 57.93% based on its latest 2016Q4 regulatory filing with the SEC. Capital Z Partners Management Llc sold 5.55 million shares as the company’s stock declined 8.85% while stock markets rallied. The hedge fund held 4.03M shares of the finance company at the end of 2016Q4, valued at $37.27 million, down from 9.58M at the end of the previous reported quarter. Capital Z Partners Management Llc who had been investing in Newstar Financial Inc. for a number of months, seems to be less bullish one the $456.06 million market cap company. The stock decreased 1.73% or $0.19 during the last trading session, reaching $10.82. About shares traded. NewStar Financial Inc (NASDAQ:NEWS) has risen 28.00% since July 18, 2016 and is uptrending. It has outperformed by 11.30% the S&P500.

Analysts await NewStar Financial Inc (NASDAQ:NEWS) to report earnings on August, 2. They expect $0.19 earnings per share, up 72.73 % or $0.08 from last year’s $0.11 per share. NEWS’s profit will be $8.01 million for 14.24 P/E if the $0.19 EPS becomes a reality. After $0.03 actual earnings per share reported by NewStar Financial Inc for the previous quarter, Wall Street now forecasts 533.33 % EPS growth.

More recent NewStar Financial Inc (NASDAQ:NEWS) news were published by: Seekingalpha.com which released: “I Got NEWS For You” on February 14, 2017. Also Pehub.com published the news titled: “NewStar to buy Fifth Street CLO Management” on July 07, 2017. Zacks.com‘s news article titled: “NewStar Financial, Inc. (NEWS)” with publication date: July 17, 2017 was also an interesting one.

NewStar Financial Inc (NASDAQ:NEWS) Ratings Coverage

Among 2 analysts covering Newstar Financial Inc (NASDAQ:NEWS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Newstar Financial Inc has $13.50 highest and $5 lowest target. $9.83’s average target is -9.15% below currents $10.82 stock price. Newstar Financial Inc had 5 analyst reports since August 6, 2015 according to SRatingsIntel. Wood maintained the stock with “Market Perform” rating in Tuesday, October 6 report. Wood maintained the stock with “Market Perform” rating in Monday, April 4 report.

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