Is Newstar Financial Incorporated (NASDAQ:NEWS)’s Fuel Running Low? Reports Show More Sellers

July 18, 2017 - By Peter Erickson

 Is Newstar Financial Incorporated (NASDAQ:NEWS)’s Fuel Running Low? Reports Show More Sellers

Investors sentiment increased to 2.43 in 2016 Q4. Its up 1.43, from 1 in 2016Q3. It improved, as 2 investors sold NewStar Financial Inc 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.
Rhumbline Advisers reported 46,899 shares. Tfs Ltd Liability reported 0.04% of its portfolio in NewStar Financial Inc (NASDAQ:NEWS). American Interest Grp reported 0% in NewStar Financial Inc (NASDAQ:NEWS). Swiss Bank, Switzerland-based fund reported 27,900 shares. 24,100 were accumulated by Numeric Invsts Ltd Liability. 1,031 are owned by Blackrock Japan Limited. Morgan Stanley stated it has 0% in NewStar Financial Inc (NASDAQ:NEWS). Blackrock Group Inc Ltd reported 3,154 shares. Blackrock Fund Advsr, California-based fund reported 792,993 shares. 20,000 are owned by Alpine Woods Cap Invsts Ltd. State Street has invested 0% of its portfolio in NewStar Financial Inc (NASDAQ:NEWS). Cubist Systematic Strategies Lc, a Connecticut-based fund reported 11,574 shares. Nationwide Fund Advsrs invested 0% in NewStar Financial Inc (NASDAQ:NEWS). Century Cap Ltd Com holds 0.32% or 263,256 shares. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 68 shares.

The stock of Newstar Financial Incorporated (NASDAQ:NEWS) registered an increase of 4.11% in short interest. NEWS’s total short interest was 248,000 shares in July as published by FINRA. Its up 4.11% from 238,200 shares, reported previously. With 68,600 shares average volume, it will take short sellers 4 days to cover their NEWS’s short positions. The short interest to Newstar Financial Incorporated’s float is 1.36%.

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.

NewStar Financial, Inc. is a commercial finance company. The company has market cap of $456.06 million. The Firm operates through two divisions: Commercial Lending and Asset Management. It has a 19.25 P/E ratio. 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.

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 had 5 analyst reports since August 6, 2015 according to SRatingsIntel. Wood maintained the stock with “Market Perform” rating in Monday, April 4 report. Wood maintained the shares of NEWS in report on Tuesday, October 6 with “Market Perform” rating.

More news for NewStar Financial Inc (NASDAQ:NEWS) were recently published by: Zacks.com, which released: “NewStar Financial, Inc. (NEWS)” on July 17, 2017. Pehub.com‘s article titled: “NewStar to buy Fifth Street CLO Management” and published on July 07, 2017 is yet another important article.

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