NewStar Financial (NEWS) Misses Q4 EPS by 3c
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NewStar Reports Net Income of $4.2 Million, or $0.09 per Diluted Share, for the Fourth Quarter and $16.9 Million, or $0.35 per Diluted Share, for FY 2015
February 10, 2016 7:30 AM ESTStrong growth in managed assets and revenue drives improved financial results for 2015 despite market headwinds in second half of year
Investment Activity New funded credit investments exceeded $700 million in the fourth quarter and $3 billion for the full year, down slightly from the prior quarter and up 71% for the full year compared to 2014. Asset Growth Managed loans and credit investments increased by $2.3 billion to $6.9 billion, or 51%, from the prior quarter and $3.6 billion, or 106%, from the same period last year due primarily to acquisition activity and continued growth in the companys... More