Dark Forest Capital Management LP purchased a new stake in shares of Navient Co. (NASDAQ:NAVI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,118 shares of the credit services provider's stock, valued at approximately $321,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Navient by 59.0% in the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock valued at $4,429,000 after purchasing an additional 105,454 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Navient by 4.8% in 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 buying an additional 2,190 shares in the last quarter. EMC Capital Management increased its position in shares of Navient by 2,193.7% in the fourth quarter. EMC Capital Management now owns 20,276 shares of the credit services provider's stock valued at $269,000 after buying an additional 19,392 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Navient by 5.1% during the 4th quarter. Empowered Funds LLC now owns 467,232 shares of the credit services provider's stock worth $6,210,000 after buying an additional 22,765 shares during the period. Finally, Entropy Technologies LP lifted its position in shares of Navient by 46.2% during the 4th quarter. Entropy Technologies LP now owns 21,526 shares of the credit services provider's stock valued at $286,000 after buying an additional 6,800 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on NAVI shares. Keefe, Bruyette & Woods reduced their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Seaport Res Ptn upgraded Navient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Thursday. StockNews.com downgraded Navient from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group dropped their price target on Navient from $14.00 to $12.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Navient has an average rating of "Hold" and a consensus price target of $12.93.
Read Our Latest Analysis on Navient
Navient Trading Up 1.8 %
NASDAQ:NAVI traded up $0.23 during trading hours on Friday, hitting $12.76. The company had a trading volume of 541,899 shares, compared to its average volume of 775,485. Navient Co. has a 1 year low of $10.53 and a 1 year high of $16.97. The company has a market cap of $1.29 billion, a P/E ratio of 11.00 and a beta of 1.38. The company has a 50-day moving average of $12.55 and a 200 day moving average of $13.72. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35.
Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Navient had a net margin of 2.96% and a return on equity of 6.69%. The firm had revenue of $156.00 million during the quarter, compared to analysts' expectations of $150.40 million. During the same period last year, the business earned $0.47 earnings per share. Sell-side analysts expect that Navient Co. will post 1.04 earnings per share for the current year.
Navient Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Friday, March 7th. Navient's payout ratio is presently 128.00%.
About Navient
(
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.
Read More
Before you consider Navient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navient wasn't on the list.
While Navient currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
