Navient Co. (NASDAQ:NAVI) Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its stake in Navient Co. (NASDAQ:NAVI) by 50.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,300 shares of the credit services provider’s stock after selling 141,700 shares during the quarter. Denali Advisors LLC owned approximately 0.13% of Navient worth $2,057,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NAVI. Allspring Global Investments Holdings LLC acquired a new position in Navient in the first quarter valued at approximately $36,000. IAG Wealth Partners LLC purchased a new stake in shares of Navient in the second quarter valued at approximately $50,000. Signaturefd LLC increased its position in shares of Navient by 22.1% in the second quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock valued at $70,000 after buying an additional 869 shares in the last quarter. Covestor Ltd increased its position in shares of Navient by 23.1% in the first quarter. Covestor Ltd now owns 6,245 shares of the credit services provider’s stock valued at $109,000 after buying an additional 1,173 shares in the last quarter. Finally, Boulder Hill Capital Management LP purchased a new stake in shares of Navient in the fourth quarter valued at approximately $188,000. 97.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays cut their price objective on Navient from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on Navient from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Navient presently has a consensus rating of “Hold” and an average target price of $15.56.

Navient Stock Down 0.2 %

Shares of NASDAQ:NAVI opened at $15.74 on Tuesday. The company has a quick ratio of 9.99, a current ratio of 9.99 and a debt-to-equity ratio of 17.30. The business has a fifty day moving average of $15.47 and a two-hundred day moving average of $15.59. The stock has a market cap of $1.76 billion, a P/E ratio of 10.09 and a beta of 1.39. Navient Co. has a 52-week low of $13.95 and a 52-week high of $19.68.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.14). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $157.27 million. Navient had a net margin of 3.41% and a return on equity of 11.06%. During the same quarter in the previous year, the company earned $0.70 earnings per share. On average, research analysts expect that Navient Co. will post 1.43 earnings per share for the current year.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, September 6th. Navient’s dividend payout ratio (DPR) is presently 41.03%.

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.