Gencor Industries, Inc. (GENC) Reaches $16.40 Formed H&S; Second Curve Capital Has Cut Its Newstar Financial (NEWS) Stake

Second Curve Capital Llc decreased Newstar Financial Inc (NEWS) stake by 3.8% reported in 2017Q3 SEC filing. Second Curve Capital Llc sold 53,100 shares as Newstar Financial Inc (NEWS)’s stock declined 8.85%. The Second Curve Capital Llc holds 1.35M shares with $15.79M value, down from 1.40 million last quarter. Newstar Financial Inc now has $497.84 million valuation. The stock increased 2.22% or $0.26 during the last trading session, reaching $11.98. About 6.52 million shares traded or 178.94% up from the average. NewStar Financial, Inc. (NASDAQ:NEWS) has risen 28.00% since February 15, 2017 and is uptrending. It has outperformed by 11.30% the S&P500.

Gencor Industries, Inc. (GENC) formed H&S with $14.92 target or 9.00% below today’s $16.40 share price. Gencor Industries, Inc. (GENC) has $237.32M valuation. The stock decreased 1.20% or $0.2 during the last trading session, reaching $16.4. About 12,400 shares traded. Gencor Industries, Inc. (NASDAQ:GENC) has risen 66.26% since February 15, 2017 and is uptrending. It has outperformed by 49.56% the S&P500.

Among 4 analysts covering Newstar Financial Inc (NASDAQ:NEWS), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Newstar Financial Inc had 8 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, October 6 by Keefe Bruyette & Woods. As per Wednesday, August 2, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Market Perform” rating by Wood given on Monday, April 4. As per Tuesday, October 6, the company rating was maintained by Wood. The firm has “Hold” rating by Janney Capital given on Tuesday, October 17.

Investors sentiment increased to 1.75 in 2017 Q3. Its up 0.12, from 1.63 in 2017Q2. It is positive, as 2 investors sold NEWS shares while 18 reduced holdings. 11 funds opened positions while 24 raised stakes. 28.62 million shares or 0.70% more from 28.42 million shares in 2017Q2 were reported. Bankshares Of Ny Mellon reported 121,331 shares. State Street owns 486,701 shares or 0% of their US portfolio. Vanguard Incorporated owns 1.84M shares for 0% of their portfolio. Corsair Capital Limited Liability Corp has 22.72% invested in NewStar Financial, Inc. (NASDAQ:NEWS) for 4.26 million shares. Morgan Stanley has invested 0% in NewStar Financial, Inc. (NASDAQ:NEWS). Kestrel Investment Mgmt has 277,825 shares. Alpine Woods Capital Invsts Ltd Liability reported 10,000 shares stake. Legal General Gru Public Limited Company stated it has 0% of its portfolio in NewStar Financial, Inc. (NASDAQ:NEWS). Voya Invest Lc reported 0% stake. Swiss Bancorp owns 34,600 shares or 0% of their US portfolio. Goldman Sachs Group Inc Inc owns 0% invested in NewStar Financial, Inc. (NASDAQ:NEWS) for 14,616 shares. Jacobs Asset Management Limited Company invested in 1.58 million shares or 3.53% of the stock. D E Shaw And Company holds 37,923 shares or 0% of its portfolio. Virginia Retirement System Et Al owns 23,500 shares for 0% of their portfolio. Los Angeles And Equity Rech stated it has 19,270 shares or 0% of all its holdings.