Landscape Capital Management L.L.C. Makes New Investment in Navient Corporation $NAVI

Key Points

• Landscape Capital Management acquired 297,331 Navient shares valued at approximately $2.53 million, representing a 0.32% stake. Institutional investors collectively own 97.14% of the company.
• Navient reported quarterly EPS of $0.29, exceeding the $0.20 consensus estimate, while revenue reached $150 million versus expectations of $142.87 million.
• Navient declared a quarterly dividend of $0.16 per share, equivalent to a 6.8% annualized yield. Despite the dividend, analysts maintain a cautious outlook, with a consensus rating of “Reduce” and a $9.14 price target.

Landscape Capital Management L.L.C. bought a new stake in shares of Navient Corporation (NASDAQ:NAVI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 297,331 shares of the credit services provider's stock, valued at approximately $2,530,000. Landscape Capital Management L.L.C. owned 0.32% of Navient as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Navient by 325.6% during the first quarter. Parallel Advisors LLC now owns 5,005 shares of the credit services provider's stock valued at $41,000 after buying an additional 3,829 shares in the last quarter. Versant Capital Management Inc lifted its stake in Navient by 552.6% in the 2nd quarter. Versant Capital Management Inc now owns 4,855 shares of the credit services provider's stock worth $41,000 after acquiring an additional 4,111 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Navient in the 4th quarter worth about $44,000. PNC Financial Services Group Inc. boosted its position in Navient by 39.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider's stock worth $55,000 after acquiring an additional 1,191 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Navient by 3,045.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the credit services provider's stock worth $67,000 after acquiring an additional 4,964 shares during the period. Hedge funds and other institutional investors own 97.14% of the company's stock.

Navient Stock Up 3.8%

NAVI stock opened at $9.45 on Friday. The company has a current ratio of 10.53, a quick ratio of 10.53 and a debt-to-equity ratio of 16.73. Navient Corporation has a 1 year low of $7.33 and a 1 year high of $13.87. The company has a fifty day simple moving average of $8.60 and a 200 day simple moving average of $8.60. The firm has a market cap of $886.22 million, a PE ratio of -18.90 and a beta of 1.18.

Navient (NASDAQ:NAVI - Get Free Report) last posted its earnings results on Thursday, August 6th. The credit services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. Navient had a negative net margin of 1.64% and a positive return on equity of 4.68%. The firm had revenue of $150.00 million for the quarter, compared to the consensus estimate of $142.87 million. During the same period in the prior year, the business posted $0.20 earnings per share. Sell-side analysts anticipate that Navient Corporation will post 0.76 EPS for the current fiscal year.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, September 4th. Navient's dividend payout ratio is -128.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NAVI. TD Cowen reiterated a "sell" rating on shares of Navient in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of Navient from $9.50 to $8.00 and set a "neutral" rating for the company in a report on Monday, July 13th. Barclays boosted their price objective on shares of Navient from $7.00 to $8.00 and gave the company an "underweight" rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Navient in a research report on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $9.14.

Navient Profile

Navient Corporation NASDAQ: NAVI is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company's core activities center on federal student loan servicing under contracts with the U.S.

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