Graham Capital Management L.P. Lowers Stock Holdings in Navient Corporation $NAVI

Key Points

• Graham Capital Management L.P. sold 21,864 shares of Navient Corporation, reducing its stake by 20.2% and holding 86,335 shares worth approximately $1,090,000 as of the latest SEC filing.
• Analyst ratings for Navient reveal mixed opinions, with one Strong Buy, five Holds, and three Sell ratings, alongside a lowered consensus target price to $13.56.
• Navient announced a quarterly dividend of $0.16 per share, with an annualized yield of 4.7%, despite reporting earnings that missed analyst estimates.

Graham Capital Management L.P. lowered its position in shares of Navient Corporation (NASDAQ:NAVI - Free Report) by 20.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,335 shares of the credit services provider's stock after selling 21,864 shares during the period. Graham Capital Management L.P. owned 0.09% of Navient worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Navient by 1.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,052 shares of the credit services provider's stock worth $585,000 after purchasing an additional 823 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Navient by 5.6% in the 1st quarter. Neuberger Berman Group LLC now owns 18,100 shares of the credit services provider's stock valued at $229,000 after purchasing an additional 962 shares in the last quarter. Covestor Ltd boosted its stake in shares of Navient by 15.7% during the 1st quarter. Covestor Ltd now owns 7,303 shares of the credit services provider's stock worth $92,000 after acquiring an additional 993 shares in the last quarter. Brevan Howard Capital Management LP boosted its stake in shares of Navient by 16.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider's stock worth $171,000 after acquiring an additional 1,804 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Navient in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Stock Down 0.9%

Navient stock traded down $0.12 during mid-day trading on Tuesday, reaching $13.49. The company's stock had a trading volume of 130,056 shares, compared to its average volume of 806,772. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 43.45 and a beta of 1.35. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. The business's 50 day simple moving average is $13.77 and its 200 day simple moving average is $13.27. Navient Corporation has a 12 month low of $10.53 and a 12 month high of $16.44.

Navient (NASDAQ:NAVI - Get Free Report) last announced 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). Navient had a net margin of 0.89% and a return on equity of 4.08%. The firm had revenue of $156.00 million during the quarter, compared to analyst estimates of $156.20 million. 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. As a group, research analysts anticipate that Navient Corporation will post 1.04 earnings per share for the current year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.16 per share. 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 payout ratio is presently 206.45%.

Wall Street Analysts Forecast Growth

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

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.