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

Gator Capital Management LLC reduced its stake in shares of Navient Co. (NASDAQ:NAVI) by 53.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,195 shares of the credit services provider’s stock after selling 37,000 shares during the period. Gator Capital Management LLC’s holdings in Navient were worth $428,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Navient by 13.9% during the fourth quarter. Wells Fargo & Company MN now owns 74,148 shares of the credit services provider’s stock worth $985,000 after buying an additional 9,024 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Navient during the 4th quarter valued at about $2,245,000. Headlands Technologies LLC grew its holdings in shares of Navient by 757.3% in the fourth quarter. Headlands Technologies LLC now owns 14,737 shares of the credit services provider’s stock valued at $196,000 after purchasing an additional 13,018 shares during the period. Wellington Management Group LLP increased its position in Navient by 47.4% during the fourth quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider’s stock worth $17,488,000 after purchasing an additional 423,013 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Navient by 51.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider’s stock worth $7,384,000 after purchasing an additional 188,399 shares during the period. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Navient Trading Down 6.1 %

Shares of NAVI stock opened at $11.14 on Friday. The company has a 50 day moving average price of $13.55 and a 200 day moving average price of $14.33. The stock has a market capitalization of $1.14 billion, a P/E ratio of 9.60 and a beta of 1.24. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. Navient Co. has a fifty-two week low of $10.96 and a fifty-two week high of $17.28.

Navient (NASDAQ:NAVI) last released its 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%. Equities research analysts predict that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.64 annualized dividend and a yield of 5.75%. Navient’s dividend payout ratio (DPR) is 55.17%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped 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. JPMorgan Chase & Co. reduced 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. TD Cowen upgraded Navient from a “strong sell” rating to a “hold” rating in a report on Wednesday. Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.50.

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.