Navient Co. (NASDAQ:NAVI) Shares Sold by Gator Capital Management LLC

Gator Capital Management LLC decreased its holdings in shares of Navient Co. (NASDAQ:NAVI - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,195 shares of the credit services provider's stock after selling 37,000 shares during the quarter. Gator Capital Management LLC's holdings in Navient were worth $428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. lifted its position in shares of Navient by 43.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 395,948 shares of the credit services provider's stock worth $5,262,000 after buying an additional 119,317 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Navient during the 4th quarter worth $258,000. EMC Capital Management lifted its position in Navient by 2,193.7% in the fourth quarter. EMC Capital Management now owns 20,276 shares of the credit services provider's stock valued at $269,000 after acquiring an additional 19,392 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Navient by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,879 shares of the credit services provider's stock valued at $4,982,000 after acquiring an additional 3,445 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its stake in Navient by 156.5% in the fourth quarter. Edgestream Partners L.P. now owns 247,650 shares of the credit services provider's stock valued at $3,291,000 after acquiring an additional 151,086 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Stock Performance

Shares of NASDAQ NAVI traded down $0.51 during mid-day trading on Friday, hitting $10.91. 145,112 shares of the company were exchanged, compared to its average volume of 792,382. 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 firm has a market cap of $1.12 billion, a price-to-earnings ratio of 9.39 and a beta of 1.24. The stock has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $14.15. Navient Co. has a 1-year low of $10.53 and a 1-year high of $16.97.

Navient (NASDAQ:NAVI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. On average, sell-side analysts forecast that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Friday, March 7th. Navient's dividend payout ratio (DPR) is 55.17%.

Analyst Ratings Changes

A number of analysts have recently commented on NAVI shares. Seaport Res Ptn raised Navient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. TD Cowen upgraded Navient from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price objective on Navient from $13.50 to $11.00 and set a "neutral" rating for the company in a report on Tuesday. StockNews.com cut shares of Navient from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Navient from $16.00 to $14.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $13.00.

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.