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 Financial (NEWS) Misses Q2 EPS by 6c

August 2, 2017 7:23 AM EDT

NewStar Financial (NASDAQ: NEWS) reported Q2 EPS of $0.10, $0.06 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $20.2 million versus the consensus estimate of $17.07 million.

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... More