Nebula Research & Development LLC bought a new position in Navient Co. (NASDAQ:NAVI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,251 shares of the credit services provider's stock, valued at approximately $296,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Navient by 815.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 2,176 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Navient in the fourth quarter valued at approximately $167,000. Headlands Technologies LLC grew its holdings in Navient by 757.3% during the fourth quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider's stock worth $196,000 after acquiring an additional 13,018 shares during the period. AXQ Capital LP purchased a new position in Navient in the fourth quarter worth $196,000. Finally, Aigen Investment Management LP acquired a new stake in Navient in the fourth quarter valued at $258,000. Hedge funds and other institutional investors own 97.14% of the company's stock.
Navient Price Performance
Shares of NAVI traded down $0.03 during mid-day trading on Tuesday, reaching $12.74. 90,810 shares of the company's stock were exchanged, compared to its average volume of 772,588. Navient Co. has a 52-week low of $10.53 and a 52-week high of $16.97. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The company has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $13.70. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 11.01 and a beta of 1.38.
Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Navient had a return on equity of 6.69% and a net margin of 2.96%. The company had revenue of $156.00 million during the quarter, compared to analysts' expectations of $150.40 million. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, sell-side analysts predict that Navient Co. will post 1.04 EPS for the current fiscal year.
Navient Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend was Friday, March 7th. Navient's dividend payout ratio (DPR) is presently 128.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on NAVI shares. StockNews.com cut shares of Navient from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered their target price on shares of Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group reduced their price target on shares of Navient from $14.00 to $12.00 and set a "hold" rating for the company in a research report on Monday, April 21st. TD Cowen cut Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. Finally, TD Securities raised their price objective on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.93.
Get Our Latest Stock Analysis on NAVI
Navient Company Profile
(
Free Report)
Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.
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