Navient Corporation $NAVI Shares Sold by Graham Capital Management L.P.

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. cut its holdings in Navient Corporation (NASDAQ:NAVI - Free Report) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,335 shares of the credit services provider's stock after selling 21,864 shares during the quarter. Graham Capital Management L.P. owned about 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 modified their holdings of the company. Orbis Allan Gray Ltd raised its stake in shares of Navient by 29.7% in the 1st quarter. Orbis Allan Gray Ltd now owns 2,311,785 shares of the credit services provider's stock valued at $29,198,000 after buying an additional 528,716 shares in the last quarter. Trexquant Investment LP bought a new position in Navient in the first quarter valued at approximately $434,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Navient by 3.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 907,116 shares of the credit services provider's stock worth $11,457,000 after purchasing an additional 27,340 shares in the last quarter. AlphaQuest LLC raised its position in Navient by 54.3% during the first quarter. AlphaQuest LLC now owns 16,360 shares of the credit services provider's stock worth $207,000 after acquiring an additional 5,755 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Navient by 31.5% in the first quarter. Hsbc Holdings PLC now owns 163,995 shares of the credit services provider's stock valued at $2,068,000 after purchasing an additional 39,315 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Navient Trading Down 1.1%

NAVI traded down $0.15 during trading hours on Monday, reaching $13.58. 355,754 shares of the company's stock traded hands, compared to its average volume of 809,100. The firm has a 50-day moving average price of $13.78 and a 200 day moving average price of $13.27. Navient Corporation has a 52-week low of $10.53 and a 52-week high of $16.44. The company has a quick ratio of 9.94, a current ratio of 9.94 and a debt-to-equity ratio of 16.52. The firm has a market capitalization of $1.35 billion, a PE ratio of 43.76 and a beta of 1.35.

Navient (NASDAQ:NAVI - Get Free Report) last released its quarterly 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). The company had revenue of $156.00 million during 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 posted $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS. As a group, sell-side analysts predict that Navient Corporation will post 1.04 EPS for the current fiscal 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 issued 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 dividend payout ratio (DPR) is 206.45%.

Wall Street Analyst Weigh In

NAVI has been the subject of a number of research reports. Bank of America lowered shares of Navient from a "neutral" rating to an "underperform" rating and set a $12.00 price objective for the company. in a report on Thursday. JPMorgan Chase & Co. lifted 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. Keefe, Bruyette & Woods lowered their target price on Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, July 31st. Finally, Morgan Stanley lowered their price target 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Navient currently has a consensus rating of "Reduce" and a consensus price target 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.