Navient Corporation (NASDAQ:NAVI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of Navient Corporation (NASDAQ:NAVI) by 6.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,048 shares of the credit services provider’s stock after selling 2,116 shares during the quarter. Yousif Capital Management LLC’s holdings in Navient were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its stake in shares of Navient by 815.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider’s stock worth $32,000 after buying an additional 2,176 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Navient by 2,663.1% in the first quarter. GAMMA Investing LLC now owns 8,096 shares of the credit services provider’s stock valued at $102,000 after purchasing an additional 7,803 shares during the period. Harbor Capital Advisors Inc. increased its stake in Navient by 55.9% in the first quarter. Harbor Capital Advisors Inc. now owns 10,608 shares of the credit services provider’s stock valued at $134,000 after purchasing an additional 3,802 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Navient in the fourth quarter valued at $167,000. Finally, Brevan Howard Capital Management LP grew its position in Navient by 16.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,877 shares of the credit services provider’s stock valued at $171,000 after acquiring an additional 1,804 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Stock Up 0.7%

NASDAQ:NAVI opened at $13.51 on Friday. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 16.56. Navient Corporation has a 1-year low of $10.53 and a 1-year high of $16.97. The business’s fifty day moving average price is $12.92 and its 200 day moving average price is $13.33. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.02 and a beta of 1.40.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Navient had a return on equity of 5.20% and a net margin of 1.37%. The business had revenue of $156.00 million for the quarter, compared to analyst estimates of $150.40 million. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, sell-side analysts forecast that Navient Corporation will post 1.04 earnings per share for the current fiscal year.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.74%. Navient’s dividend payout ratio is currently 128.00%.

Wall Street Analysts Forecast Growth

NAVI has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. TD Securities boosted their price target on Navient from $11.00 to $12.00 and gave the company a “sell” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on Navient from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. TD Cowen cut Navient from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group cut their price objective on Navient from $14.00 to $12.00 and set a “hold” rating for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.93.

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.