Caxton Associates LLP Purchases Shares of 136,550 Navient Corporation $NAVI

Key Points

• Caxton Associates LLP acquired 136,550 shares of Navient Corporation, valued at approximately $1,725,000, representing about 0.13% ownership in the company.
• Navient recently declared a quarterly dividend of $0.16, reflecting a 4.7% annual yield and a high dividend payout ratio of 206.45%.
• Analysts have mixed ratings for Navient, with a consensus rating of "Reduce" and an average price target of $13.06, following recent adjustments from several investment firms.

Caxton Associates LLP purchased a new position in shares of Navient Corporation (NASDAQ:NAVI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 136,550 shares of the credit services provider's stock, valued at approximately $1,725,000. Caxton Associates LLP owned about 0.13% of Navient as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Navient by 11.7% during the 1st quarter. Royal Bank of Canada now owns 98,366 shares of the credit services provider's stock worth $1,243,000 after buying an additional 10,296 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in Navient by 29.7% in the first quarter. Orbis Allan Gray Ltd now owns 2,311,785 shares of the credit services provider's stock valued at $29,198,000 after purchasing an additional 528,716 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Navient during the first quarter worth approximately $434,000. Hotchkis & Wiley Capital Management LLC grew its holdings in Navient by 3.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 907,116 shares of the credit services provider's stock worth $11,457,000 after acquiring an additional 27,340 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of Navient by 54.3% in the 1st quarter. AlphaQuest LLC now owns 16,360 shares of the credit services provider's stock worth $207,000 after purchasing an additional 5,755 shares during the last quarter. Institutional investors and hedge funds own 97.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NAVI. JPMorgan Chase & Co. increased their target price on Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a report on Friday, July 11th. Morgan Stanley decreased their price objective on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Keefe, Bruyette & Woods dropped their target price on shares of Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, July 31st. Finally, Bank of America downgraded shares of Navient from a "neutral" rating to an "underperform" rating and set a $12.00 price target on the stock. in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $13.06.

Navient Stock Performance

NAVI stock traded down $0.32 during mid-day trading on Friday, reaching $12.87. The company had a trading volume of 611,238 shares, compared to its average volume of 705,630. The stock's 50-day simple moving average is $13.64 and its two-hundred day simple moving average is $13.24. The stock has a market capitalization of $1.28 billion, a P/E ratio of 41.52 and a beta of 1.35. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 16.52. 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 earnings results on Wednesday, July 30th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). Navient had a return on equity of 4.08% and a net margin of 0.89%.The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $156.20 million. During the same quarter last year, the company posted $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. Research analysts anticipate that Navient Corporation will post 1.04 EPS for the current year.

Navient Announces Dividend

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 dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.64 annualized dividend and a yield of 5.0%. Navient's payout ratio is presently 206.45%.

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.