Dynamic Technology Lab Private Ltd bought a new position in shares of Navient Corp (NASDAQ:NAVI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 18,820 shares of the credit services provider’s stock, valued at approximately $257,000.
Several other large investors have also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Navient by 76.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 461,487 shares of the credit services provider’s stock worth $6,313,000 after purchasing an additional 200,654 shares during the period. Laurion Capital Management LP acquired a new position in Navient during the 4th quarter worth approximately $1,044,000. 361 Capital LLC acquired a new position in Navient during the 4th quarter worth approximately $670,000. Massachusetts Financial Services Co. MA lifted its position in Navient by 46.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 173,353 shares of the credit services provider’s stock worth $2,371,000 after acquiring an additional 54,684 shares in the last quarter. Finally, Oxford Asset Management LLP lifted its position in Navient by 62.6% during the 4th quarter. Oxford Asset Management LLP now owns 94,769 shares of the credit services provider’s stock worth $1,296,000 after acquiring an additional 36,489 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.
Shares of NASDAQ NAVI opened at $7.99 on Thursday. Navient Corp has a twelve month low of $4.07 and a twelve month high of $15.67. The company has a current ratio of 10.68, a quick ratio of 10.68 and a debt-to-equity ratio of 24.40. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 3.11, a price-to-earnings-growth ratio of 0.13 and a beta of 2.16. The business has a 50 day simple moving average of $11.13 and a 200-day simple moving average of $12.96.
Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, January 21st. The credit services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.10. Navient had a return on equity of 18.15% and a net margin of 10.80%. The business had revenue of $294.00 million during the quarter, compared to the consensus estimate of $298.33 million. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities analysts predict that Navient Corp will post 3.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.01%. Navient’s dividend payout ratio (DPR) is 24.24%.
Several equities analysts recently commented on NAVI shares. Citigroup reissued a “buy” rating and set a $14.00 price target on shares of Navient in a research report on Tuesday, March 17th. Credit Suisse Group reaffirmed a “hold” rating and issued a $14.50 target price on shares of Navient in a research report on Thursday, January 23rd. ValuEngine lowered Navient from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Wedbush upped their target price on Navient from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Stephens assumed coverage on Navient in a research report on Tuesday, December 10th. They issued an “equal weight” rating and a $17.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.13.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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