Last $11.70 USD
Change Today -0.24 / -2.01%
Volume 14.1K
As of 12:16 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

newstar financial inc (NEWS) Snapshot

Open
$11.97
Previous Close
$11.94
Day High
$12.11
Day Low
$11.70
52 Week High
09/19/13 - $19.83
52 Week Low
05/1/13 - $11.37
Market Cap
572.0M
Average Volume 10 Days
57.1K
EPS TTM
$0.47
Shares Outstanding
48.9M
EX-Date
--
P/E TM
24.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWSTAR FINANCIAL INC (NEWS)

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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. Completes $348.4 Million Term Debt Securitization

NewStar Financial, Inc. completed a $348.4 million term debt securitization. The notes offered in the collateralized loan obligation were issued by NewStar Commercial Loan Funding 2014-1 LLC, a subsidiary of the company and are backed by a diversified portfolio of commercial loans originated and serviced by the company. Investors purchased approximately $289.5 million of the asset-backed Notes, representing approximately 83% of the value of the collateral pool. The company retained all of the Class E Notes, the Class F Notes, and the equity which totaled approximately $58.9 million, representing approximately 17% of the value of the collateral pool. The blended pricing of the Notes was LIBOR plus 2.32%. The reinvestment period is expected to end in April 2018 and the Notes are expected to mature in April 2025.

NewStar Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Charge-Offs on Non-Performing Assets for the Fourth Quarter Ended December 31, 2013

NewStar Financial, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, interest income was $32,283,000 against $33,000 a year ago. Net interest income was $20,110,000 against $24,016,000 a year ago. Net interest income after provision for credit losses was $17,801,000 against $18,117,000 a year ago. Operating income before income taxes was $9,425,000 against $10,343,000 a year ago. Income before income taxes was $10,384,000 against $10,343,000 a year ago. Net income was $6,360,000 or $0.12 per diluted share against $6,212,000 or $0.12 per diluted share a year ago. Return on average assets was 1.01% against 1.17% a year ago. Return on average equity was 4.11 against 4.18 a year ago. Book value per share at the end of the period was $12.68 against $12.06 a year ago. For the full year, interest income was $127,684,000 against $123,945,000 a year ago. Net interest income was $84,713,000 against $88,354,000 a year ago. Net interest income after provision for credit losses was $74,975,000 against $75,703,000 a year ago. Operating income before income taxes was $39,089,000 against $40,977,000 a year ago. Income before income taxes was $41,151,000 against $40,977,000 a year ago. Net income was $24,595,000 or $0.46 per diluted share against $23,977,000 or $0.45 per diluted share a year ago. Return on average assets was 1.08% against 1.17% a year ago. Return on average equity was 4.07 against 4.14 a year ago. For the quarter, the company’s reported net charge-offs on non-performing assets totaled $0.9 million for the fourth quarter ended December 31, 2013.

NewStar Financial, Inc., Q4 2013 Earnings Call, Feb 12, 2014

NewStar Financial, Inc., Q4 2013 Earnings Call, Feb 12, 2014

 

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NEWS

Industry Average

Valuation NEWS Industry Range
Price/Earnings 25.7x
Price/Sales 6.8x
Price/Book 0.9x
Price/Cash Flow 23.8x
TEV/Sales NM Not Meaningful
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