Janney Montgomery Scott Initiates Coverage on NewStar Financial (NEWS)

By admin | 6 years ago

Equities researchers at Janney Montgomery Scott assumed coverage on shares of NewStar Financial (NASDAQ: NEWS) in a report issued on Wednesday. The firm set a “neutral” rating on the stock.

Shares of NewStar Financial traded down 1.39% during mid-day trading on Wednesday, hitting $11.39. NewStar Financial has a one year low of $7.17 and a one year high of $12.05. The company has a market cap of $561.0 million and a P/E ratio of 31.22.

NewStar Financial, Inc. (NewStar) is a commercial finance company, which provides customized debt financing solutions to middle-market businesses and commercial real estate borrowers and manages investment funds for large institutional investors.

About the author