NewStar Financial (NEWS) Declares $0.02 Quarterly Dividend; 0.7% Yield

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Go back to NewStar Financial (NEWS) Declares $0.02 Quarterly Dividend; 0.7% Yield

NewStar Reports Net Income of $4.2 Million, or $0.10 per Diluted Share, for the Second Quarter of 2017 and Declares $0.02 Quarterly Dividend per Share

August 2, 2017 7:18 AM EDT

Acquisition Completed previously announced acquisition of Fifth Street CLO Management LLC on July 20, 2017, adding approximately $726 million of AUM.Investment Activity New funded, middle-market credit investments totaled $460 million in the second quarter, up from $330 million last quarter and compared to $476 million in the same quarter last year. Managed Assets Managed loans and credit investments at the end of the quarter decreased slightly from the prior quarter to $6.5 billion due to the amortization and redemption of older managed CLOs issued in 2006 and 2007, which was partly offset by growth in loans... More