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NewStar Financial Inc (NEWS.OQ)

NEWS.OQ on NASDAQ Stock Exchange Global Select Market

11.63USD
14 Dec 2017
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$-0.09 (-0.77%)
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Latest Key Developments (Source: Significant Developments)

Newstar reports completion of go-shop process
Monday, 20 Nov 2017 07:00am EST 

Nov 20 (Reuters) - Newstar Financial Inc ::Newstar announces completion of “go shop” process.Newstar Financial Inc- ‍expiration of 30 day "go shop" period included in merger agreement between First Eagle Investment Management and Co.Newstar Financial Inc- ‍did not receive any acquisition proposals during go-shop period​.  Full Article

Newstar reports Q3 earnings per share of $0.11
Wednesday, 1 Nov 2017 07:19am EDT 

Nov 1 (Reuters) - Newstar Financial Inc :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.Q3 earnings per share $0.11.Newstar Financial Inc - ‍net interest income increased by $0.6 million to $15.6 million in Q3 compared to $15.0 million in prior quarter​.  Full Article

First Eagle Investment Management agrees to acquire Newstar Financial
Tuesday, 17 Oct 2017 07:00am EDT 

Oct 17 (Reuters) - Newstar Financial Inc :First Eagle Investment Management agrees to acquire Newstar Financial.Newstar Financial-‍first Eagle to pay $11.44 per Newstar share in cash plus contingent value rights worth up to an estimated additional $0.88-1.00 per share​.Newstar Financial Inc - ‍Newstar stockholders are expected to receive total consideration estimated at $12.32 to $12.44 per share​.Newstar Financial Inc - ‍agreements with First Eagle and GSO include a 30 day "Go Shop" period​.Newstar Financial Inc - to concurrently sell portfolio of investment assets, including about $2.4 billion in middle-market loans, other credit investments.Newstar Financial Inc - ‍transactions have been approved by Newstar's and First Eagle's boards of directors​.Newstar Financial Inc - to sell portfolio of investment assets to a fund sponsored by GSO capital partners​.Newstar Financial-‍First Eagle to fund merger with cash from its balance sheet, Newstar cash, including from GSO's acquisition of Newstar's assets​.  Full Article

Newstar Financial reports net income of $4.2 million in Q2
Wednesday, 2 Aug 2017 07:18am EDT 

Aug 2 (Reuters) - Newstar Financial Inc :Newstar reports net income of $4.2 million, or $0.10 per diluted share, for the second quarter of 2017 and declares $0.02 quarterly dividend per share.Q2 earnings per share $0.10.Newstar Financial Inc - net interest income increased by $1.0 million to $15.0 million in Q2 compared to $14.0 million in prior quarter.  Full Article

Newstar Financial reports Q2 earnings of $0.10/shr
Wednesday, 2 Aug 2017 06:47am EDT 

Aug 2 (Reuters) - Newstar Financial Inc :Q2 earnings per share $0.10.Newstar Financial Inc says book value per share increased by $0.19 to $15.40 at end of Q2.  Full Article

Fifth street Asset Management Inc announces sale of middle market CLO business
Friday, 7 Jul 2017 07:00am EDT 

July 7 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management Inc announces sale of middle market CLO business to Newstar Financial Inc.Fifth Street Asset Management Inc - estimated purchase price is approximately $16 million,.Fifth Street Asset Management Inc - estimated purchase price is net of $13 million of assumed indebtednes.  Full Article

Newstar to add $726 million of managed assets through acquisition of investment manager
Friday, 7 Jul 2017 07:00am EDT 

July 7 (Reuters) - Newstar Financial Inc :Newstar to add $726 million of managed assets through acquisition of investment manager.Says acquisition will add $726 million to assets under management, increasing total pro forma AUM to approximately $7.3 billion.Newstar Financial Inc - transaction is expected to be accretive to Newstar's earnings per share in 2017.Newstar Financial Inc - signed definitive agreement to acquire Fifth Street CLO Management LLC.Newstar Financial Inc - transaction is expected to add more than $2.5 million to company's run-rate fee revenue.  Full Article

Newstar Q1 earnings per share $0.03
Wednesday, 3 May 2017 07:00am EDT 

May 3 (Reuters) - Newstar Financial Inc ::Newstar reports net income of $1.4 million, or $0.03 per diluted share, for the first quarter of 2017 and declares $0.02 quarterly dividend per share.Q1 earnings per share $0.03.Qtrly net interest income $14 million versus $22.5 million.  Full Article

Newstar sells equipment finance business to Radius Bank for $140 mln
Thursday, 1 Dec 2016 04:31pm EST 

Newstar Financial Inc : Newstar sells equipment finance business to radius bank . Newstar financial inc - deal for approximately $140 million in cash. . Newstar financial inc - deal for $140 million . Newstar financial inc - newstar expects to recognize a gain on sale in q4 of 2016. .Expects to recognize a gain on sale in q4 of 2016.  Full Article

NewStar Q2 earnings per share $0.11
Wednesday, 3 Aug 2016 07:00am EDT 

NewStar Financial Inc : NewStar reports net income of $5.2 million, or $0.11 per diluted share, for the second quarter of 2016 . Q2 earnings per share $0.11 .NewStar Financial Inc says net interest income decreased by $1.6 million, or 7.2%, to $20.9 million in Q2 compared to $22.5 million in prior quarter.  Full Article

BRIEF-Newstar reports completion of go-shop process

* Newstar Financial Inc- ‍expiration of 30 day "go shop" period included in merger agreement between First Eagle Investment Management and Co