Prescott Group Capital Management L.L.C. acquired a new stake in shares of Navient Co. (NASDAQ:NAVI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 190,000 shares of the credit services provider's stock, valued at approximately $2,525,000. Prescott Group Capital Management L.L.C. owned 0.18% of Navient as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of NAVI. KBC Group NV boosted its stake in shares of Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider's stock valued at $68,000 after purchasing an additional 1,392 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Navient during the 3rd quarter valued at $95,000. Covestor Ltd increased its holdings in shares of Navient by 24.6% in the 3rd quarter. Covestor Ltd now owns 7,360 shares of the credit services provider's stock valued at $115,000 after acquiring an additional 1,455 shares during the period. Paloma Partners Management Co bought a new position in shares of Navient in the 3rd quarter worth $174,000. Finally, Raymond James Financial Inc. bought a new stake in Navient during the fourth quarter valued at about $167,000. Hedge funds and other institutional investors own 97.14% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on NAVI shares. Bank of America cut their price objective on shares of Navient from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. decreased their target price on Navient from $15.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn upgraded shares of Navient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Navient from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.90.
View Our Latest Stock Report on NAVI
Navient Price Performance
Shares of NASDAQ:NAVI traded down $0.09 during trading on Monday, reaching $14.10. 195,643 shares of the company's stock traded hands, compared to its average volume of 794,736. The firm has a market cap of $1.44 billion, a PE ratio of 12.15 and a beta of 1.36. The company has a 50-day simple moving average of $13.76 and a 200-day simple moving average of $14.72. 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 Co. has a fifty-two week low of $12.73 and a fifty-two week high of $17.56.
Navient (NASDAQ:NAVI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. As a group, analysts predict that Navient Co. will post 1.04 earnings per share for the current year.
Navient Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, March 7th. Navient's dividend payout ratio (DPR) is presently 55.17%.
About Navient
(
Free Report)
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.
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