20,393 Shares in Navient Corporation $NAVI Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new stake in Navient Corporation (NASDAQ:NAVI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,393 shares of the credit services provider’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC lifted its holdings in shares of Navient by 5.6% in the 1st quarter. Neuberger Berman Group LLC now owns 18,100 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 962 shares during the last quarter. Covestor Ltd lifted its stake in Navient by 15.7% in the first quarter. Covestor Ltd now owns 7,303 shares of the credit services provider’s stock valued at $92,000 after buying an additional 993 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Navient by 1.8% in the second quarter. Wedge Capital Management L L P NC now owns 57,611 shares of the credit services provider’s stock valued at $812,000 after acquiring an additional 999 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Navient by 9.5% during the second quarter. Harbor Capital Advisors Inc. now owns 11,620 shares of the credit services provider’s stock worth $164,000 after acquiring an additional 1,012 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Navient by 5.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 43,414 shares of the credit services provider’s stock valued at $611,000 after acquiring an additional 2,322 shares during the period. Institutional investors and hedge funds own 97.14% of the company’s stock.

Navient Stock Performance

Shares of NAVI stock opened at $11.34 on Tuesday. The company has a current ratio of 9.41, a quick ratio of 9.41 and a debt-to-equity ratio of 16.98. Navient Corporation has a 12-month low of $10.53 and a 12-month high of $16.07. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -21.00 and a beta of 1.33. The stock has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $13.26.

Navient (NASDAQ:NAVI) last issued its earnings results on Monday, February 28th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter. Navient had a negative net margin of 1.48% and a positive return on equity of 4.12%. The company had revenue of $511.00 million during the quarter. On average, equities analysts forecast that Navient Corporation will post 1.04 EPS for the current year.

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, December 5th. This represents a $0.64 dividend on an annualized basis and a yield of 5.6%. Navient’s payout ratio is presently -118.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NAVI shares. Wall Street Zen cut shares of Navient from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Cowen reiterated a “sell” rating on shares of Navient in a research note on Thursday, October 30th. Keefe, Bruyette & Woods dropped their price target on Navient from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Morgan Stanley reduced their price objective on Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Navient currently has a consensus rating of “Reduce” and a consensus target price of $12.83.

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.