Trexquant Investment LP Invests $434,000 in Navient Corporation $NAVI

Trexquant Investment LP acquired a new position in Navient Corporation (NASDAQ:NAVI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,388 shares of the credit services provider's stock, valued at approximately $434,000.

A number of other large investors also recently bought and sold shares of NAVI. Wellington Management Group LLP raised its stake in Navient by 47.4% in the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock worth $17,488,000 after buying an additional 423,013 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Navient by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider's stock worth $18,186,000 after purchasing an additional 353,898 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Navient during the fourth quarter worth $4,009,000. Lighthouse Investment Partners LLC acquired a new position in shares of Navient during the fourth quarter worth $3,717,000. Finally, Bank of America Corp DE increased its position in shares of Navient by 69.4% during the fourth quarter. Bank of America Corp DE now owns 667,372 shares of the credit services provider's stock worth $8,869,000 after purchasing an additional 273,483 shares in the last quarter. Institutional investors own 97.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America lowered shares of Navient from a "neutral" rating to an "underperform" rating and set a $12.00 price target on the stock. in a report on Thursday, September 4th. Morgan Stanley decreased their price target on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Keefe, Bruyette & Woods cut their price target on shares of Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $13.06.

Navient Stock Performance

NASDAQ:NAVI traded down $0.32 during mid-day trading on Friday, hitting $12.87. The stock had a trading volume of 611,238 shares, compared to its average volume of 719,590. Navient Corporation has a 52 week low of $10.53 and a 52 week high of $16.44. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 41.52 and a beta of 1.35. The company has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $13.25. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52.

Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). The company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $156.20 million. Navient had a return on equity of 4.08% and a net margin of 0.89%.During the same quarter last year, the firm posted $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. On average, research analysts expect that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.64 annualized dividend and a dividend yield of 5.0%. Navient's payout ratio is currently 206.45%.

Navient 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.