KCG Holdings Inc. Increases Position in NewStar Financial, Inc. (NEWS)

KCG Holdings Inc. raised its position in shares of NewStar Financial, Inc. (NASDAQ:NEWS) by 38.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,196 shares of the credit services provider’s stock after buying an additional 4,228 shares during the period. KCG Holdings Inc.’s holdings in NewStar Financial were worth $161,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Virginia Retirement Systems ET AL acquired a new stake in shares of NewStar Financial during the first quarter worth approximately $258,000. Parametric Portfolio Associates LLC increased its stake in shares of NewStar Financial by 69.8% in the first quarter. Parametric Portfolio Associates LLC now owns 17,504 shares of the credit services provider’s stock worth $185,000 after buying an additional 7,198 shares in the last quarter. Swiss National Bank increased its stake in shares of NewStar Financial by 24.0% in the first quarter. Swiss National Bank now owns 34,600 shares of the credit services provider’s stock worth $366,000 after buying an additional 6,700 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of NewStar Financial by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 108,880 shares of the credit services provider’s stock worth $1,152,000 after buying an additional 7,713 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of NewStar Financial during the first quarter worth approximately $123,000. 74.58% of the stock is owned by institutional investors and hedge funds.

Shares of NewStar Financial, Inc. (NASDAQ NEWS) opened at 10.86 on Friday. NewStar Financial, Inc. has a 52-week low of $8.03 and a 52-week high of $11.49. The firm’s 50-day moving average price is $10.82 and its 200-day moving average price is $10.25. The stock has a market cap of $451.85 million, a P/E ratio of 19.60 and a beta of 2.03.

NewStar Financial (NASDAQ:NEWS) last released its earnings results on Wednesday, August 2nd. The credit services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.05. NewStar Financial had a net margin of 8.65% and a return on equity of 3.76%. The company had revenue of $20.19 million during the quarter, compared to the consensus estimate of $24.32 million. On average, equities research analysts forecast that NewStar Financial, Inc. will post $0.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, August 25th. NewStar Financial’s payout ratio is presently 14.55%.

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A number of brokerages have recently commented on NEWS. ValuEngine downgraded NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded NewStar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded NewStar Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Four investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $11.50.

NewStar Financial Company Profile

NewStar Financial, Inc (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. 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.

Institutional Ownership by Quarter for NewStar Financial (NASDAQ:NEWS)

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