NewStar Financial (NEWS) Tops Q2 EPS by 3c
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NewStar Reports Net Income of $5.0 Million, or $0.10 Per Diluted Share for the Second Quarter
August 5, 2015 6:55 AM EDTInvestment Activity New funded credit investments exceeded $1.0 billion in the second quarter, up 68% from last quarter and 213% from the same quarter last year. Asset Growth Managed loans and credit investments increased by $418 million to $4.2 billion, or 11%, from the prior quarter and $1.7 billion, or 70%, from the same period last year. Funding Growth in managed assets was supported by a combination of long term capital from the issuance of senior unsecured notes totaling $300 million in April and a new $175 million credit facility, as well as managed funds. Corporate debt totaling $238... More
