NewStar Financial (NEWS) Misses Q2 EPS by 4c
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NewStar Reports Net Income of $5.2 Million, or $0.11 Per Diluted Share, for the Second Quarter of 2016
August 3, 2016 7:01 AM EDTInvestment Activity New funded credit investments totaled $476 million in the second quarter, up from $300 million last quarter and down from $1 billion in the same quarter last year as middle market sponsored lending activity increased in the second quarter of 2016, but remained at low levels in 2016 compared to the prior year.Asset Growth Managed loans and credit investments remained relatively unchanged from the prior quarter at $6.6 billion and increased $2.4 billion, or 57%, from the same period last year due to a combination of acquisitions and organic growth.        Revenue Total revenue1 decreased by... More
