Sippican Capital Advisors buys $2,420,279 stake in NewStar Financial Inc (NEWS)

NewStar Financial Inc (NEWS) : Sippican Capital Advisors scooped up 24,695 additional shares in NewStar Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 239,158 shares of NewStar Financial Inc which is valued at $2,420,279.NewStar Financial Inc makes up approximately 2.76% of Sippican Capital Advisors’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa added NEWS to its portfolio by purchasing 955 company shares during the most recent quarter which is valued at $9,512.

NewStar Financial Inc opened for trading at $9.94 and hit $10.33 on the upside on Friday, eventually ending the session at $10.22, with a gain of 2.10% or 0.21 points. The heightened volatility saw the trading volume jump to 31,236 shares. Company has a market cap of $487 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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