Stadium Capital Management LLC Increases Position in Navient Co. (NASDAQ:NAVI)

Stadium Capital Management LLC boosted its position in Navient Co. (NASDAQ:NAVI - Free Report) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,069 shares of the credit services provider's stock after purchasing an additional 24,899 shares during the quarter. Navient comprises 4.1% of Stadium Capital Management LLC's investment portfolio, making the stock its 6th biggest position. Stadium Capital Management LLC owned about 0.34% of Navient worth $4,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of Navient by 815.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider's stock valued at $32,000 after buying an additional 2,176 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Navient during the 4th quarter valued at $167,000. Brevan Howard Capital Management LP raised its position 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 valued at $171,000 after buying an additional 1,804 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of Navient during the 4th quarter valued at $196,000. Finally, Headlands Technologies LLC raised its position in shares of Navient by 757.3% during the 4th quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider's stock valued at $196,000 after buying an additional 13,018 shares in the last quarter. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NAVI has been the topic of several research reports. TD Securities raised their price objective on shares of Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research report on Thursday, May 1st. TD Cowen cut shares of Navient from a "hold" rating to a "strong sell" rating in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price objective on shares of Navient from $16.00 to $14.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. StockNews.com cut shares of Navient from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Navient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.93.

Navient Stock Performance

NASDAQ:NAVI remained flat at $13.76 during trading hours on Monday. 504,221 shares of the company were exchanged, compared to its average volume of 771,142. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.86 and a beta of 1.38. Navient Co. has a one year low of $10.53 and a one year high of $16.97. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. The firm's 50-day moving average price is $12.45 and its 200-day moving average price is $13.59.

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

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, June 6th. Navient's payout ratio is 128.00%.

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.