Navient Co. (NASDAQ:NAVI) Shares Bought by EMC Capital Management

EMC Capital Management lifted its position in Navient Co. (NASDAQ:NAVI - Free Report) by 2,193.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,276 shares of the credit services provider's stock after purchasing an additional 19,392 shares during the period. EMC Capital Management's holdings in Navient were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NAVI. Donald Smith & CO. Inc. boosted its stake in shares of Navient by 27.8% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider's stock worth $55,833,000 after acquiring an additional 779,973 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Navient by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,092,270 shares of the credit services provider's stock worth $17,028,000 after purchasing an additional 19,606 shares in the last quarter. Wellington Management Group LLP boosted its position in Navient by 0.9% during the third quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider's stock worth $13,919,000 after purchasing an additional 8,117 shares in the last quarter. Empowered Funds LLC increased its position in shares of Navient by 5.4% in the third quarter. Empowered Funds LLC now owns 444,467 shares of the credit services provider's stock valued at $6,929,000 after buying an additional 22,646 shares in the last quarter. Finally, Stadium Capital Management LLC raised its stake in shares of Navient by 6.7% during the 3rd quarter. Stadium Capital Management LLC now owns 340,170 shares of the credit services provider's stock worth $5,303,000 after buying an additional 21,385 shares during the period. 97.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NAVI. Seaport Res Ptn raised shares of Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. StockNews.com cut shares of Navient from a "buy" rating to a "hold" rating in a research note on Friday. Barclays raised their price target on shares of Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price on Navient from $15.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Bank of America dropped their price target on Navient from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Navient has an average rating of "Hold" and an average target price of $13.90.

Navient Price Performance

Shares of Navient stock traded down $0.12 on Monday, hitting $13.56. 409,157 shares of the company were exchanged, compared to its average volume of 870,539. Navient Co. has a 1-year low of $12.73 and a 1-year high of $17.56. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.70 and a beta of 1.43. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35. The company has a 50-day moving average price of $14.17 and a 200 day moving average price of $14.98.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 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, sell-side analysts predict that Navient Co. will post 1.05 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.72%. Navient's dividend payout ratio (DPR) is 55.17%.

Insider Transactions at Navient

In related news, EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president now directly owns 256,883 shares in the company, valued at approximately $3,853,245. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 27.99% of the company's stock.

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.