34,388 Shares in Navient Corporation $NAVI Bought by Trexquant Investment LP

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

A number of other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Navient in the first quarter valued at about $40,000. New Age Alpha Advisors LLC purchased a new stake in shares of Navient in the first quarter valued at about $71,000. Covestor Ltd lifted its holdings in shares of Navient by 15.7% in the first quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock valued at $92,000 after purchasing an additional 993 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Navient by 2,663.1% in the first quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider's stock valued at $102,000 after buying an additional 7,803 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Navient in the first quarter valued at approximately $129,000. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Navient Stock Performance

Shares of NAVI opened at $13.61 on Tuesday. The company has a 50-day moving average of $13.77 and a two-hundred day moving average of $13.27. The company has a debt-to-equity ratio of 16.52, a current ratio of 9.94 and a quick ratio of 9.94. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 43.90 and a beta of 1.35. Navient Corporation has a one year low of $10.53 and a one year high of $16.44.

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

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.16 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.64 dividend on an annualized basis and a yield of 4.7%. Navient's payout ratio is 206.45%.

Analyst Ratings Changes

Several brokerages recently commented on NAVI. Keefe, Bruyette & Woods dropped their price target on shares of Navient from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, July 31st. Morgan Stanley decreased their target price on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Bank of America downgraded shares of Navient from a "neutral" rating to an "underperform" rating and set a $12.00 price objective on the stock. in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Navient from $12.50 to $15.50 and gave the company 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $13.06.

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.

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