Caption Management LLC Takes Position in Navient Co. (NASDAQ:NAVI)

Caption Management LLC purchased a new position in Navient Co. (NASDAQ:NAVI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,978 shares of the credit services provider's stock, valued at approximately $850,000. Caption Management LLC owned 0.06% of Navient as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NAVI. Brevan Howard Capital Management LP boosted its holdings in shares of Navient by 16.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider's stock worth $171,000 after purchasing an additional 1,804 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Navient by 815.0% during the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 2,176 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Navient by 4.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 47,774 shares of the credit services provider's stock valued at $635,000 after acquiring an additional 2,190 shares in the last quarter. Xponance Inc. increased its holdings in shares of Navient by 12.9% during the fourth quarter. Xponance Inc. now owns 23,460 shares of the credit services provider's stock valued at $312,000 after acquiring an additional 2,687 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Navient by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider's stock worth $4,982,000 after buying an additional 3,445 shares during the period. 97.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Securities raised their target price on Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a report on Thursday, May 1st. TD Cowen lowered Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their target price on Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Finally, StockNews.com cut Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.93.

Navient Price Performance

Shares of NAVI traded up $0.27 during trading hours on Monday, reaching $13.78. 270,590 shares of the stock traded hands, compared to its average volume of 773,009. The company has a market cap of $1.39 billion, a P/E ratio of 11.90 and a beta of 1.38. Navient Co. has a 52-week low of $10.53 and a 52-week high of $16.97. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. The company's 50-day moving average price is $12.44 and its two-hundred day moving average price is $13.63.

Navient (NASDAQ:NAVI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. Navient had a net margin of 2.96% and a return on equity of 6.69%. The company had revenue of $156.00 million during the quarter, compared to analysts' expectations of $150.40 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, analysts anticipate that Navient Co. will post 1.04 earnings per share for the current year.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Friday, June 6th. Navient's dividend payout ratio (DPR) is currently 128.00%.

Navient Company Profile

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.