Navient Co. (NASDAQ:NAVI) EVP Stephen M. Hauber Sells 10,000 Shares

Navient Co. (NASDAQ:NAVI) EVP Stephen M. Hauber sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the sale, the executive vice president now directly owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Navient Price Performance

NASDAQ NAVI opened at $15.25 on Friday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 22.10 and a beta of 1.39. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. Navient Co. has a 1-year low of $13.71 and a 1-year high of $19.68. The business’s fifty day moving average price is $15.47 and its 200-day moving average price is $15.25.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $150.04 million. Navient had a net margin of 1.71% and a return on equity of 8.62%. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, equities analysts predict that Navient Co. will post 1.79 earnings per share for the current year.

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.20%. Navient’s dividend payout ratio is currently 92.75%.

Hedge Funds Weigh In On Navient

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Navient during the 1st quarter valued at about $36,000. IAG Wealth Partners LLC purchased a new position in shares of Navient in the second quarter valued at about $50,000. KBC Group NV boosted its stake in shares of Navient by 47.0% in the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after acquiring an additional 1,392 shares during the period. Signaturefd LLC grew its position in shares of Navient by 22.1% during the second quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock worth $70,000 after purchasing an additional 869 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Navient during the third quarter worth about $87,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Barclays lifted their target price on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Bank of America initiated coverage on Navient in a research report on Monday, September 30th. They set a “neutral” rating and a $17.00 price objective for the company. StockNews.com raised Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.78.

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.