Neostellar Capital
NSLR on Nasdaq. Market value $199m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$7.50 a share, 7% above its 1-year low
Over the past year the price has ranged from $7.04 to $14.98.
Dividend: 6.0% a year
Paid every year for 4 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | ||||
| Revenue | n/a | n/a | n/a | n/a |
| Operating margin | ||||
| Operating margin | n/a | n/a | n/a | n/a |
| Debt to equity | ||||
| Debt to equity | n/a | n/a | n/a | n/a |
| Shares outstanding | ||||
| Shares outstanding | 0.03bn | 0.02bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 5% more shares since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- A loss of $19 million, after a profit of $62 million a year ago.
- 8% fewer shares than a year ago. Each share owns a bit more of the company.
| Quarter to | Amount |
|---|---|
| September 2024 | -$5m |
| December 2024 | $44,527 |
| March 2025 | -$806,715 |
| June 2025 | $62m |
| September 2025 | $7m |
| December 2025 | -$20m |
| March 2026 | $156m |
| June 2026 | -$19m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 11 March 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 79 funds in all.
- GAMCO InvestorsMario Gabelli
- Value
- $3m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GAMCO InvestorsMario Gabelli | $3m | <0.1% |
Largest holders overall
- Gabelli Funds$15mCut
- Thomas J. Herzfeld Advisors$10mAdded
- Kingsview Wealth Management$7mAdded
- GatePass Capital$6m
- Needham Investment Management$5m
- Franklin Resources$4mCut
- MGO One Seven$3m
- GAMCO Investors$3m
- Jane Street Group$3mAdded
- LPL Financial$3mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- GABELLI FUNDS LLCPassive investorat least 6.1%+1.1 pts(filed with 7 related holders)Since 15 September 2026
What they said
The Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the…
Read the filing - Thomas J. Herzfeld Advisors, Inc.Passive investorSold down below 5%Since 3 June 2025
| Holder | Stake | Since | |
|---|---|---|---|
GABELLI FUNDS LLC Passive investor | at least 6.1%+1.1 pts (filed with 7 related holders) | 15 September 2026 | What they saidThe Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the… Read the filing |
Thomas J. Herzfeld Advisors, Inc. Passive investor | Sold down below 5% | 3 June 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $866,359 of shares on the open market. 1 sold $194,452.
- Klein Mark DChairman, CEO and President, DirectorBought
- Date
- 21 September 2026
- Shares
- 5,000
- Price
- $7.91
- Value
- $39,550
- LOTT RONALD M.DirectorSold
- Date
- 3 September 2026
- Shares
- 5,085
- Price
- $9.96
- Value
- $50,647
- Falk Erik ADirectorBought
- Date
- 26 August 2026
- Shares
- 50,000
- Price
- $10.22
- Value
- $511,000
- Klein Mark DChairman, CEO and President, DirectorBought
- Date
- 10 August 2026
- Shares
- 26,040
- Price
- $9.60
- Value
- $249,984
- LOTT RONALD M.DirectorSold
- Date
- 23 June 2026
- Shares
- 500
- Price
- $12.35
- Value
- $6,175
- LOTT RONALD M.DirectorSold
- Date
- 28 April 2026
- Shares
- 10,669
- Price
- $12.90
- Value
- $137,630
- Klein Mark DChairman, CEO and President, DirectorBought
- Date
- 22 April 2026
- Shares
- 2,500
- Price
- $13.25
- Value
- $33,125
- Klein Mark DChairman, CEO and President, DirectorBought
- Date
- 21 April 2026
- Shares
- 2,500
- Price
- $13.08
- Value
- $32,700
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 21 September 2026 | Klein Mark D Chairman, CEO and President, Director | Bought | 5,000 | $7.91 | $39,550 |
| 3 September 2026 | LOTT RONALD M. Director | Sold | 5,085 | $9.96 | $50,647 |
| 26 August 2026 | Falk Erik A Director | Bought | 50,000 | $10.22 | $511,000 |
| 10 August 2026 | Klein Mark D Chairman, CEO and President, Director | Bought | 26,040 | $9.60 | $249,984 |
| 23 June 2026 | LOTT RONALD M. Director | Sold | 500 | $12.35 | $6,175 |
| 28 April 2026 | LOTT RONALD M. Director | Sold | 10,669 | $12.90 | $137,630 |
| 22 April 2026 | Klein Mark D Chairman, CEO and President, Director | Bought | 2,500 | $13.25 | $33,125 |
| 21 April 2026 | Klein Mark D Chairman, CEO and President, Director | Bought | 2,500 | $13.08 | $32,700 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 8 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.