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 $4.6 Million, or $0.11 per Diluted Share, for the Third Quarter of 2017 and Declares $0.02 Quarterly Dividend per Share

November 1, 2017 7:19 AM EDT

Investment Activity New funded, middle-market credit investments totaled $317 million in the third quarter, down from $460 million last quarter and up from $193 million in the same quarter last year. Managed Assets Managed loans and credit investments at the end of the quarter increased by $660 million from the prior quarter to $7.2 billion due to the addition of two managed credit funds acquired through the purchase of Fifth Street CLO Management LLC in July 2017.Net Interest Margin The margin increased to 1.61% for the third quarter from 1.56% in the prior quarter... More