Squarepoint Ops LLC Buys 28,362 Shares of Navient Co. (NASDAQ:NAVI)

Squarepoint Ops LLC grew its position in Navient Co. (NASDAQ:NAVI - Free Report) by 26.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,035 shares of the credit services provider's stock after purchasing an additional 28,362 shares during the period. Squarepoint Ops LLC owned about 0.12% of Navient worth $1,781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NAVI. Barclays PLC boosted its stake in shares of Navient by 59.0% in the 3rd quarter. Barclays PLC now owns 284,130 shares of the credit services provider's stock valued at $4,429,000 after purchasing an additional 105,454 shares in the last quarter. EMC Capital Management boosted its stake in shares of Navient by 2,193.7% in the 4th quarter. EMC Capital Management now owns 20,276 shares of the credit services provider's stock valued at $269,000 after purchasing an additional 19,392 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Navient by 5.1% in the 4th quarter. Empowered Funds LLC now owns 467,232 shares of the credit services provider's stock valued at $6,210,000 after purchasing an additional 22,765 shares in the last quarter. Entropy Technologies LP boosted its stake in shares of Navient by 46.2% in the 4th quarter. Entropy Technologies LP now owns 21,526 shares of the credit services provider's stock valued at $286,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Navient by 5.8% in the 4th quarter. Rhumbline Advisers now owns 343,341 shares of the credit services provider's stock valued at $4,563,000 after purchasing an additional 18,760 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company's stock.

Navient Price Performance

Shares of NASDAQ NAVI traded up $0.18 during mid-day trading on Tuesday, reaching $13.50. The company had a trading volume of 450,359 shares, compared to its average volume of 754,991. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. Navient Co. has a one year low of $10.53 and a one year high of $16.97. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 11.64 and a beta of 1.38. The business's 50-day simple moving average is $12.47 and its 200 day simple moving average is $13.47.

Navient (NASDAQ:NAVI - Get Free Report) last released its earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. The firm had revenue of $156.00 million for the quarter, compared to analysts' expectations of $150.40 million. Navient had a return on equity of 6.69% and a net margin of 2.96%. During the same quarter in the previous year, the business posted $0.47 earnings per share. On average, research analysts predict that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, June 6th. Navient's dividend payout ratio (DPR) is currently 128.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Securities increased their price objective on shares of Navient from $11.00 to $12.00 and gave the stock a "sell" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Jefferies Financial Group decreased their price objective on shares of Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of Navient from $11.00 to $12.50 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, TD Cowen downgraded shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.93.

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.