Stadium Capital Management LLC Buys 24,899 Shares of Navient Co. (NASDAQ:NAVI)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. raised its holdings in Navient by 43.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 395,948 shares of the credit services provider's stock valued at $5,262,000 after buying an additional 119,317 shares during the period. Aigen Investment Management LP acquired a new stake in Navient in the 4th quarter valued at approximately $258,000. JPMorgan Chase & Co. lifted its stake in Navient by 143.0% during the fourth quarter. JPMorgan Chase & Co. now owns 356,405 shares of the credit services provider's stock worth $4,737,000 after purchasing an additional 209,744 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Navient in the 4th quarter valued at $321,000. Finally, Wellington Management Group LLP grew its position in Navient by 47.4% in the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider's stock valued at $17,488,000 after acquiring an additional 423,013 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on NAVI shares. Keefe, Bruyette & Woods dropped their price target on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Seaport Res Ptn upgraded shares of Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of Navient from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Thursday, May 1st. TD Securities upped their target price on Navient from $11.00 to $12.00 and gave the company a "sell" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group decreased their price target on Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Three equities research 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 data from MarketBeat, Navient currently has an average rating of "Hold" and an average price target of $12.93.

Navient Price Performance

Navient stock traded down $0.34 during mid-day trading on Wednesday, hitting $13.17. 174,956 shares of the company were exchanged, compared to its average volume of 768,142. Navient Co. has a 12-month low of $10.53 and a 12-month high of $16.97. The company has a market capitalization of $1.33 billion, a P/E ratio of 11.36 and a beta of 1.38. The business's 50 day simple moving average is $12.46 and its two-hundred day simple moving average is $13.59. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49.

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

Navient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.16 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.64 annualized dividend and a yield of 4.86%. Navient's payout ratio is currently 128.00%.

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.