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Yesterday, 12:48 PM
Wed, Feb. 10, 7:34 AM
Nov. 4, 2015, 6:58 AM
- NewStar Financial (NASDAQ:NEWS): Q3 EPS of $0.11 in-line.
- Revenue of $26.7M (+16.8% Y/Y) beats by $5.4M.
Sep. 17, 2015, 7:46 AM
- NewStar Financial (NASDAQ:NEWS) agrees to purchase Feingold O'Keeffe Capital, a private alternative asset firm based in Boston. The deal will add about $2.3B in AUM to NewStar's AUM, bringing the pro forma total to $6.4B.
- FOC was founded in 2001 by a couple of Pimco veterans.
- The purchase is expected to close in Q4 and be accretive to EPS next year.
Aug. 5, 2015, 6:58 AM
- NewStar Financial (NASDAQ:NEWS): Q2 EPS of $0.15 beats by $0.08.
- Revenue of $23.2M (+9.6% Y/Y) beats by $8M.
May 6, 2015, 6:57 AM
- NewStar Financial (NASDAQ:NEWS): Q1 EPS of $0.05 beats by $0.01.
- Revenue of $21.54M (-21.2% Y/Y) beats by $7.09M.
Feb. 11, 2015, 6:58 AM
- NewStar Financial (NASDAQ:NEWS): Q4 EPS of $0.02 misses by $0.07.
- Revenue of $18.24M (-23.8% Y/Y) misses by $3.11M.
Nov. 5, 2014, 7:00 AM
- NewStar Financial (NASDAQ:NEWS): Q3 EPS of $0.10 in-line.
- Revenue of $22.86M (-3.9% Y/Y) beats by $1.56M.
Feb. 12, 2014, 7:24 AM
- NewStar Financial, Inc. (NEWS): Q4 EPS of $0.12 misses by $0.01.
- Revenue of $23.92M (-14.0% Y/Y) beats by $1.62M.
Dec. 5, 2013, 4:24 PM
- The Fed stress tests put the potential sale of NewStar Financial (NEWS -3%) on hold, with the lender reportedly extending into 2014 the time suitors have to submit another round of bids.
- Capital One is among the banks who have expressed interest, but like 29 other lenders with at least $50B in assets, it has until Jan. 6 to submit a capital plan and won't get test results until March.
Dec. 3, 2013, 4:52 PM
- Newstar Financial (NEWS) negotiates an expansion to its credit facility with Wells Fargo of $100M, bringing the facility to a total of $275M with an additional accordion feature of $50M.
- The amendment also increases the advance rate to 70% from a prior range of 65%-70% and lowers the cost of funds for advances secured by middle market loans.
Nov. 6, 2013, 9:49 AM
- NewStar Financial (NEWS): Q3 EPS of $0.12 in-line. (PR)
Sep. 18, 2013, 5:15 PM
- Shares of NewStar Financial (NEWS +13%) climbed after speculation swirled that P-E owners Corsair Capital and Capital Z Partners are exploring a sale of the specialty financing company, Bloomberg reports.
- Janney Montgomery Scott analyst Sameer Gokhale opines, "This company is a prime takeover target." Banks trying to shore up profits in a low IR environment see business lending as a lucrative, albeit high risk, opportunity.
- Business lender CapitalSource was sold to PacWest Bancorp in July for $2.3B. At that multiple, NEWS shares could fetch $18.21 according to Bloomberg, which speculates that "logical buyers" include EverBank Financial, BankUnited, and TCF Financial.
Aug. 7, 2013, 8:01 AM
- NewStar Financial (NEWS): Q2 EPS of $0.11 misses by $0.01.
- Revenue of $22.35M misses by $0.1M. (PR)
May 1, 2013, 7:57 AMNewStar Financial (NEWS): Q1 EPS of $0.12 in-line. Revenue of $21M misses by $0.4M. (PR) | May 1, 2013, 7:57 AM
Feb. 13, 2013, 7:28 AMNewStar (NEWS): Q4 EPS of $0.12 beats by $0.01. (PR) | Feb. 13, 2013, 7:28 AM
NewStar Financial Inc is a commercial finance company. It is also an investment adviser & provides asset management services to institutional investors through managed credit funds that co-invest in certain types of loans originated by the Company.
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