- American City Business Journals•3 days ago
NewStar Financial has sold its equipment financing arm to Radius Bank for $105 million in net proceeds, part of a plan to refocus on leveraged finance and cut staffing and expenses. The Boston-based commercial lender (NEWS) is looking to streamline its business, with CEO Tim Conway holding that competition from banks has made it difficult for NewStar to scale in areas such as equipment financing. It found a taker for its equipment financing line in Radius, which is headquartered in Boston’s Seaport District and has national ambitions for its commercial lending.
- GlobeNewswire•3 days ago
BOSTON, Dec. 01, 2016-- NewStar Financial Inc. announced today the sale of its equipment finance business and related assets to Boston-based Radius Bank, a federal savings association, for approximately ...
- GlobeNewswire•4 days ago
The NewStar Berkeley Fund CLO represents the fourth in a series of managed credit funds focused on middle market senior debt originated through NewStar’ s direct lending platform Berkeley Fund is structured ...
NEWS : Summary for NewStar Financial, Inc. - Yahoo Finance
NewStar Financial, Inc. (NEWS)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Day's Range||8.34 - 8.64|
|52 Week Range||4.25 - 11.37|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||17.75|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|