19,384 Shares in Navient Co. (NASDAQ:NAVI) Purchased by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in shares of Navient Co. (NASDAQ:NAVI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,384 shares of the credit services provider’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV boosted its position in shares of Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock worth $68,000 after purchasing an additional 1,392 shares in the last quarter. Covestor Ltd raised its stake in Navient by 24.6% during the third quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after buying an additional 1,455 shares during the last quarter. Paloma Partners Management Co bought a new stake in Navient in the third quarter worth $174,000. Quantinno Capital Management LP grew its stake in shares of Navient by 12.6% in the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 1,587 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Navient by 22.2% during the third quarter. QRG Capital Management Inc. now owns 14,929 shares of the credit services provider’s stock valued at $233,000 after acquiring an additional 2,716 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Navient Stock Performance

Shares of NASDAQ NAVI opened at $14.19 on Monday. The firm’s 50-day moving average price is $13.76 and its 200-day moving average price is $14.72. Navient Co. has a 52-week low of $12.73 and a 52-week high of $17.56. The company has a market cap of $1.45 billion, a PE ratio of 12.23 and a beta of 1.36. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. As a group, analysts anticipate that Navient Co. will post 1.04 EPS for the current year.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, March 7th. Navient’s payout ratio is currently 55.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Navient from a “buy” rating to a “hold” rating in a research note on Friday, January 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. reduced their price target on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Bank of America decreased their price objective on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.90.

About Navient

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.