Second Curve Capital buys $18.8 Million stake in NewStar Financial Inc (NEWS)

NewStar Financial Inc (NEWS) : Second Curve Capital scooped up 56,828 additional shares in NewStar Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,649,562 shares of NewStar Financial Inc which is valued at $18.8 Million.NewStar Financial Inc makes up approximately 12.67% of Second Curve Capital’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in NEWS in the latest quarter, The investment management firm added 645 additional shares and now holds a total of 2,528 shares of NewStar Financial Inc which is valued at $17,974.Blackrock Advisors boosted its stake in NEWS in the latest quarter, The investment management firm added 754 additional shares and now holds a total of 11,382 shares of NewStar Financial Inc which is valued at $80,926. Blackrock Group Ltd added NEWS to its portfolio by purchasing 3,154 company shares during the most recent quarter which is valued at $22,425.Nationwide Fund Advisors boosted its stake in NEWS in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 22,727 shares of NewStar Financial Inc which is valued at $170,453.

NewStar Financial Inc opened for trading at $7.07 and hit $7.54 on the upside on Friday, eventually ending the session at $7.53, with a gain of 7.57% or 0.53 points. The heightened volatility saw the trading volume jump to 60,725 shares. Company has a market cap of $358,812 M.

NewStar Financial Inc. is a commercial finance company with specialized lending platforms focused on meeting the financing needs of companies and private investors in the middle market. The Company is also a registered investment adviser and provides asset management services to institutional investors through a series of managed credit funds that co-invest in certain types of loans originated by the Company. Through its specialized lending platforms the Company provides a range of senior secured debt financing options to mid-sized companies to fund working capital growth strategies acquisitions and recapitalizations as well as purchases of equipment and other capital assets. The Company provides financing commitments to companies in amounts that range in size from $10 million to $50 million. The Company’s lending activities are organized into four specialized lending groups: Leveraged Finance Business Credit Real Estate and Equipment Finance.

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