Last $11.70 USD
Change Today +0.07 / 0.60%
Volume 27.8K
NEWS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 5:20 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

newstar financial inc (NEWS) Snapshot

Open
$11.69
Previous Close
$11.63
Day High
$11.75
Day Low
$11.67
52 Week High
12/31/13 - $18.25
52 Week Low
11/19/14 - $9.73
Market Cap
558.1M
Average Volume 10 Days
30.5K
EPS TTM
$0.30
Shares Outstanding
47.7M
EX-Date
--
P/E TM
39.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWSTAR FINANCIAL INC (NEWS)

newstar financial inc (NEWS) Related Businessweek News

No Related Businessweek News Found

newstar financial inc (NEWS) Details

NewStar Financial, Inc. operates as a specialized commercial finance company in the United States. The company focuses primarily on the direct origination of loans and equipment leases for meeting the complex financing needs of companies and private investors in the middle market. It originates, structures, and underwrites senior secured cash flow loans and second lien loans for companies for acquisition financing, growth and working capital, recapitalization, and other purposes; senior secured loans to larger middle market companies; and a range of senior debt financing options, including revolving credit facilities, term loans, and other debt products secured by various business assets. The company also offers revolving lines of credit and senior secured term loans for working capital, acquisition, dividend recapitalization, refinancing and restructuring, corporate growth, and management buyout purposes. In addition, it provides commercial real estate loans and other debt products for various purposes, including acquisitions, lease-ups, repositioning and build-out, and refinancing and recapitalizations of office, multi-family, retail, and industrial properties. Further, the company offers a range of lease financing options to mid-sized companies to fund various types of capital expenditures, including essential-use equipment finance for mid-sized businesses; and leases and loan products to fund a range of equipment types, including manufacturing, technology, healthcare, and telecom equipment. It serves manufacturing, healthcare, industrial/other, financial services, restaurants, auto/transportation, consumer services, tech services, environmental services, cable/telecom, printing/publishing, energy/chemical services, building materials, retail, broadcasting, marketing services, entertainment/leisure, consumer, and other business services industries. The company was founded in 2004 and is headquartered in Boston, Massachusetts.

101 Employees
Last Reported Date: 03/14/14
Founded in 2004

newstar financial inc (NEWS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $475.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $350.0K
Chief Credit Officer
Total Annual Compensation: $769.2K
Head of Leveraged Finance Origination
Total Annual Compensation: $300.0K
Chief Investment Officer, Director and Member...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

newstar financial inc (NEWS) Key Developments

NewStar Financial Inc., GSO Capital Partners and Franklin Square Capital Partners Form Strategic Relationship

NewStar Financial Inc., GSO Capital Partners (GSO) and Franklin Square Capital Partners announced that they have formed a strategic relationship to help expand the company’s lower middle market lending and asset management activities. The relationship includes an investment of long-term capital from funds managed by Franklin Square Capital Partners (which are sub-advised by GSO) to help fund the company’s growth strategy and expand the scale of its lower middle market lending activity. Under the terms of the investment, funds managed by Franklin Square have committed to purchase $300 million of 10-year subordinated notes and warrants exercisable into 12 million shares of common stock at an exercise price of $12.62. NewStar expects to use the proceeds from the transaction to enhance its ability to originate and lead transactions across all of its business lines and, as a result, significantly increase origination volume and facilitate asset growth. The strategic relationship between the firms is anticipated to contribute materially to NewStar’s growth, while extending GSO and Franklin Square’s access to the lower middle market. It also allows Franklin Square’s funds and GSO to offer their portfolio companies other financing solutions such as equipment leases and asset-based loans from a market leader. In addition to the investment, the scope of the relationship is expected to result in cross-referral and co-lending opportunities, which are anticipated to provide NewStar with access to new channels of origination, while enabling the Company to provide larger capital commitments and a more complete set of financing options to its clients through its relationship with GSO and Franklin Square.

NewStar Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge Offs for the Third Quarter of 2014; Provides Tax Rate Guidance for the Year 2014

NewStar Financial, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $19,603,000 compared to $18,667,000 for the same period of last year. Operating income before income taxes was $8,514,000 compared to operating loss before income taxes of $9,892,000 for the same period of last year. Income before income taxes was $8,514,000 compared to loss before income taxes of $10,766,000 for the same period of last year. Net income was $5,020,000 compared to net loss of $6,437,000 for the same period of last year. Net income per diluted share was $0.10 compared to net loss per diluted share of $0.04 for the same period of last year. Return on average assets was 0.82% compared to 1.10% a year ago. Return on average equity was 3.28% compared to 4.24% a year ago. Adjusted ne interest income was $19,603,000 compared to $18,893,000 for the same period of last year. Total revenue was $22.9 million. For the nine months, the company reported net interest income was $59,897,000 compared to $64,603,000 for the same period of last year. Operating income before income taxes was $14,780,000 compared to $29,664,000 for the same period of last year. Income before income taxes was $15,871,000 compared to $30,767,000 for the same period of last year. Net income was $9,368,000 compared to $18,235,000 for the same period of last year. Net income per diluted share was $0.18 compared to $0.34 for the same period of last year. Return on average assets was 0.50% compared to 1.10% a year ago. Return on average equity was 2.03% compared to 4.05% a year ago. Book value as at September 30, 2014 was $12.73 per share. For the quarter, net charge offs were $558,000 compared to $895,000 a year ago. The company expects tax rate to be about 41% for 2014.

NewStar Financial, Inc. to Report Q3, 2014 Results on Nov 05, 2014

NewStar Financial, Inc. announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Nov 05, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NEWS:US $11.70 USD +0.07

NEWS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Anworth Mortgage Asset Corp $5.39 USD +0.02
Arbor Realty Trust Inc $6.77 USD +0.03
Arlington Asset Investment Corp $28.14 USD +0.41
Dynex Capital Inc $8.52 USD +0.04
RAIT Financial Trust $7.27 USD -0.03
View Industry Companies
 

Industry Analysis

NEWS

Industry Average

Valuation NEWS Industry Range
Price/Earnings 35.3x
Price/Sales 7.3x
Price/Book 0.9x
Price/Cash Flow 31.9x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NEWSTAR FINANCIAL INC, please visit www.newstarfin.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.