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Profile - Novastar Financial Inc. (NYSE:NFI)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider
Recent Events
Aug 27Price hit new 52-week high ($11.80)
Aug 15Dividend payment of $0.13
Location
1901 W. 47th Place, Suite 105
Westwood, KS 66205
Phone: (913) 362-1090
Fax: (913) 362-1090
Employees (last reported count): 532
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 88%
·Over the last 6 months:
 · 6 insider buys; 60.0K shares (1.2% of insider shares)
·Institutional: 46% (378% of float)
(13 institutions)
·Net Inst. Selling: 62.0K shares (+2.40%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
NovaStar Financial Inc. is an investor in mortgage assets, with a focus on non-conforming mortgage loans. Novastar Financial's mortgage assets have primarily come from the wholesale origination of single-family non-conforming loans of Novastar Mortgage, Inc., a subsidiary of Novastar Financial's affiliate, NFI Holding Corporation. Novastar Financial invests in non-conforming residential mortgage loans.
More from Market Guide: Expanded Business Description

Financial Summary
Novastar Financial, Inc. acquires subprime mortgage loans and mortgage securities and manages the resulting portfolio of mortgage assets. For the six months ended 6/30/01, revenues increased 5% to $26.7 million. Net income applicable to Common before accounting change totalled $7.8 million, up from $308 thousand. Revenues reflect creased mortgage loan interests. Earnings also reflect $9.6 million in gains from mortgage assets sales.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Scott Hartman, 41
Chairman and CEO
$375K
W. Lance Anderson, 40
Pres, COO
375K
Michael Bamburg, 38
Sr. VP and CIO
332K
Rodney Schwatken, 37
VP, Treasurer, Controller, CAO
117K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:NFIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 8-Sep-2000
$3.50 
Recent Price$10.16 
52-Week High
on 27-Aug-2001
$11.80 
Beta0.17 
Daily Volume (3-month avg)8,318 
Daily Volume (10-day avg)20.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+180.3%
52-Week Change
relative to S&P500
+276.0%
Share-Related Items
Market Capitalization$58.5M
Shares Outstanding5.75M
Float700.0K
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$21.88 
Earnings (ttm)$1.15 
Earnings (mrq)$0.35 
Sales (ttm)$3.90 
Cash (mrq)$2.43 
Valuation Ratios
Price/Book (mrq)0.46 
Price/Earnings (ttm)8.80 
Price/Sales (ttm)2.60 
Income Statements
Sales (ttm)$45.9M
EBITDA (ttm)$42.7M
Income available to common (ttm)$11.0M
Profitability
Profit Margin (ttm)28.7%
Operating Margin (ttm)28.7%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)2.37%
Return on Equity (ttm)10.00%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)3.98 
Total Cash (mrq)$13.9M
Short Interest
As of 8-Aug-2001
Shares Short9,000 
Percent of Float1.3%
Shares Short
(Prior Month)
5,000 
Short Ratio1.12 
Daily Volume8,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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