Steamboat Capital Partners LLC Sells 85,877 Shares of SLM Corporation $SLM

Key Points

• Steamboat Capital Partners cut its SLM stake by 46.5% in the second quarter, selling 85,877 shares and retaining 98,864 shares worth approximately $2.6 million. Institutional investors collectively own 98.94% of SLM.
• Analyst sentiment remains mixed, with five Buy, six Hold, and one Sell rating. SLM has an average rating of Hold and a consensus price target of $29.80.
• SLM reported quarterly EPS of $0.29, below the $0.46 consensus estimate, while revenue of $401.1 million also missed expectations. The company announced a quarterly dividend of $0.13 per share, representing a 2.0% annualized yield.

Steamboat Capital Partners LLC lessened its holdings in SLM Corporation (NASDAQ:SLM - Free Report) by 46.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,864 shares of the credit services provider's stock after selling 85,877 shares during the period. Steamboat Capital Partners LLC owned approximately 0.05% of SLM worth $2,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in SLM by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider's stock worth $66,000 after purchasing an additional 501 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SLM by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider's stock worth $627,000 after purchasing an additional 1,319 shares during the period. Allworth Financial LP boosted its holdings in shares of SLM by 202.3% in the 2nd quarter. Allworth Financial LP now owns 2,116 shares of the credit services provider's stock worth $55,000 after buying an additional 1,416 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of SLM by 6.1% in the 2nd quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider's stock worth $1,210,000 after buying an additional 2,109 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in SLM by 26.4% during the second quarter. GAMMA Investing LLC now owns 11,579 shares of the credit services provider's stock valued at $300,000 after buying an additional 2,417 shares during the period. 98.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SLM shares. Wall Street Zen lowered shares of SLM from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Wells Fargo & Company set a $28.00 price objective on SLM in a research note on Friday, July 24th. Morgan Stanley increased their price objective on SLM from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Monday, July 20th. Zacks Research downgraded SLM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded SLM from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $29.80.

SLM Price Performance

SLM opened at $26.28 on Wednesday. The firm has a 50-day moving average price of $26.13 and a 200-day moving average price of $23.31. SLM Corporation has a twelve month low of $17.77 and a twelve month high of $31.06. The company has a quick ratio of 1.32, a current ratio of 1.33 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 2.35 and a beta of 0.96.

SLM (NASDAQ:SLM - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.17). The business had revenue of $401.11 million for the quarter, compared to analysts' expectations of $409.22 million. SLM had a net margin of 26.09% and a return on equity of 33.81%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities analysts expect that SLM Corporation will post 3.12 EPS for the current year.

SLM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 annualized dividend and a dividend yield of 2.0%. SLM's dividend payout ratio is currently 14.53%.

SLM Company Profile

SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.

Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.

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