Navient Corporation $NAVI Shares Sold by Dimensional Fund Advisors LP

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 cut its holdings in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,817,971 shares of the credit services provider's stock after selling 226,557 shares during the period. Dimensional Fund Advisors LP owned about 8.72% of Navient worth $111,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NAVI. Sterling Capital Management LLC increased its stake in Navient by 815.0% during the fourth 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 during the period. New Age Alpha Advisors LLC acquired a new position in shares of Navient during the first quarter worth about $71,000. Covestor Ltd grew its position in shares of Navient by 15.7% during the first quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock worth $92,000 after buying an additional 993 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Navient by 2,663.1% during the first quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider's stock worth $102,000 after buying an additional 7,803 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Navient during the first quarter worth about $129,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NAVI. JPMorgan Chase & Co. boosted their price objective on Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods lowered their price objective on 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 lowered their price target on Navient from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. TD Cowen downgraded Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. Finally, TD Securities upped their price target on Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a research note on Thursday, May 1st. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $13.56.

Navient Price Performance

Shares of NAVI stock traded down $0.10 during mid-day trading on Thursday, reaching $13.49. The stock had a trading volume of 35,810 shares, compared to its average volume of 806,634. Navient Corporation has a 12-month low of $10.53 and a 12-month high of $16.97. The company has a market cap of $1.34 billion, a P/E ratio of 43.59 and a beta of 1.37. The business has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $13.28. 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 announced its quarterly 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 firm had revenue of $156.00 million during the quarter, compared to analysts' expectations of $156.20 million. Navient had a net margin of 0.89% and a return on equity of 4.08%. During the same quarter in the prior year, the business earned $0.29 EPS. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. On average, sell-side analysts anticipate that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

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

About Navient

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.