NewStar Financial Inc (NEWS) : Capital Z Partners Management scooped up 10,895 additional shares in NewStar Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 9,576,061 shares of NewStar Financial Inc which is valued at $95,952,131.NewStar Financial Inc makes up approximately 78.21% of Capital Z Partners Management’s portfolio.
Other Hedge Funds, Including , Walleye Trading reduced its stake in NEWS by selling 2,900 shares or 96.67% in the most recent quarter. The Hedge Fund company now holds 100 shares of NEWS which is valued at $1,002.Kennedy Capital Management reduced its stake in NEWS by selling 14,970 shares or 4.96% in the most recent quarter. The Hedge Fund company now holds 287,058 shares of NEWS which is valued at $2,876,321. NewStar Financial Inc makes up approx 0.06% of Kennedy Capital Management’s portfolio.Second Curve Capital reduced its stake in NEWS by selling 974,500 shares or 36.78% in the most recent quarter. The Hedge Fund company now holds 1,675,062 shares of NEWS which is valued at $16,566,363. NewStar Financial Inc makes up approx 11.48% of Second Curve Capital’s portfolio.California Public Employees Retirement System reduced its stake in NEWS by selling 3,500 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 112,400 shares of NEWS which is valued at $1,072,296.
NewStar Financial Inc closed down -0.52 points or -4.61% at $10.75 with 35,978 shares getting traded on Thursday. Post opening the session at $11.36, the shares hit an intraday low of $10 and an intraday high of $11.36 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.