Dimensional Fund Advisors LP Has $111.37 Million Position in Navient Corporation $NAVI

Key Points

• Dimensional Fund Advisors LP sold 226,557 shares of Navient Corporation, reducing its stake by 2.5% to approximately 8,817,971 shares, valued at $111.37 million.
• Institutional investors hold about 97.14% of Navient's stock, with significant recent investments including a 2,663.1% increase from GAMMA Investing LLC.
• Navient's latest earnings report showed a miss in EPS expectations, reporting $0.21 compared to the consensus of $0.27, and announced a quarterly dividend of $0.16 per share.

Dimensional Fund Advisors LP decreased its holdings in Navient Corporation (NASDAQ:NAVI - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,817,971 shares of the credit services provider's stock after selling 226,557 shares during the quarter. Dimensional Fund Advisors LP owned 8.72% of Navient worth $111,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NAVI. Sterling Capital Management LLC raised its stake in Navient by 815.0% in the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock worth $32,000 after purchasing an additional 2,176 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Navient in the 1st quarter valued at about $71,000. Covestor Ltd increased its holdings in Navient by 15.7% in the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock valued at $92,000 after buying an additional 993 shares during the period. GAMMA Investing LLC increased its holdings in Navient by 2,663.1% in the 1st 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Navient in the 1st quarter valued at about $129,000. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Trading Down 0.1%

NAVI traded down $0.02 during trading on Monday, reaching $13.54. 477,957 shares of the company's stock were exchanged, compared to its average volume of 949,696. Navient Corporation has a one year low of $10.53 and a one year high of $16.97. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. The stock has a market capitalization of $1.35 billion, a PE ratio of 43.68 and a beta of 1.37. The firm has a fifty day moving average price of $13.78 and a two-hundred day moving average price of $13.28.

Navient (NASDAQ:NAVI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). The business 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 period in the previous year, the firm earned $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. As a group, equities research analysts forecast that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on NAVI shares. Morgan Stanley decreased their target price on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. TD Securities raised their target price on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price target 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. TD Cowen lowered shares of Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Navient from $12.50 to $15.50 and gave the company a "neutral" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $13.56.

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.