Navient (NASDAQ:NAVI) Reaches New 12-Month Low - What's Next?

Navient Co. (NASDAQ:NAVI - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $13.71 and last traded at $13.75, with a volume of 459630 shares changing hands. The stock had previously closed at $14.26.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NAVI shares. JPMorgan Chase & Co. cut their target price on Navient from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. StockNews.com upgraded shares of Navient from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Barclays lifted their target price on Navient from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Tuesday, October 8th. Bank of America assumed coverage on Navient in a report on Monday, September 30th. They set a "neutral" rating and a $17.00 price target for the company. Finally, TD Cowen decreased their price objective on Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $15.63.

Navient Trading Down 7.2 %

The stock has a fifty day moving average price of $15.03 and a 200 day moving average price of $15.16. The stock has a market cap of $1.42 billion, a PE ratio of 19.19 and a beta of 1.40. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $1.20. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations 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 previous year, the business posted $0.84 earnings per share. Equities analysts expect that Navient Co. will post 2.47 EPS for the current year.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Friday, December 6th. Navient's dividend payout ratio (DPR) is currently 92.75%.

Insider Buying and Selling at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were 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. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 27.99% of the company's stock.

Institutional Investors Weigh In On Navient

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of Navient by 83.8% during the second quarter. Nisa Investment Advisors LLC now owns 13,107 shares of the credit services provider's stock worth $191,000 after acquiring an additional 5,977 shares during the period. Signaturefd LLC increased its holdings in Navient by 22.1% during the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider's stock worth $70,000 after purchasing an additional 869 shares during the period. Victory Capital Management Inc. raised its position in Navient by 0.9% during the 2nd quarter. Victory Capital Management Inc. now owns 322,820 shares of the credit services provider's stock valued at $4,700,000 after purchasing an additional 2,991 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Navient by 102,163.1% in the 2nd quarter. Quest Partners LLC now owns 85,901 shares of the credit services provider's stock worth $1,251,000 after buying an additional 85,817 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Navient by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider's stock worth $23,047,000 after buying an additional 171,160 shares in the last quarter. Institutional investors own 97.14% of the company's stock.

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.