NewStar Financial (NEWS) Brings Buyback Program up to $30M
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NewStar Expands Share Repurchase Program
February 11, 2016 7:29 AM EST
Boston, Massachusetts, Feb. 11, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of NewStar Financial Inc. (Nasdaq: NEWS) has authorized an increase to NewStars existing stock repurchase program, which was originally authorized by the board in October 2015.
The existing plan authorized the repurchase of up to $5.0 million of NewStars common stock from time to time in open market or privately negotiated transactions, of which approximately $4.9 million remains available for repurchase. The plan was increased to approve the repurchase of up to an aggregate of up to $30.0 million of... More
NewStar Reports Net Income of $4.2 Million, or $0.09 per Diluted Share, for the Fourth Quarter and $16.9 Million, or $0.35 per Diluted Share, for FY 2015
February 10, 2016 7:30 AM ESTStrong growth in managed assets and revenue drives improved financial results for 2015 despite market headwinds in second half of year
Investment Activity New funded credit investments exceeded $700 million in the fourth quarter and $3 billion for the full year, down slightly from the prior quarter and up 71% for the full year compared to 2014. Asset Growth Managed loans and credit investments increased by $2.3 billion to $6.9 billion, or 51%, from the prior quarter and $3.6 billion, or 106%, from the same period last year due primarily to acquisition activity and continued growth in the companys... More