Sherbrooke Park Advisers LLC Sells 6,996 Shares of Navient Co. (NASDAQ:NAVI)

Sherbrooke Park Advisers LLC cut its position in Navient Co. (NASDAQ:NAVI) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,848 shares of the credit services provider’s stock after selling 6,996 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Navient were worth $157,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NAVI. Sterling Capital Management LLC raised its position in Navient by 815.0% in the fourth quarter. Sterling Capital Management LLC now owns 2,443 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 2,176 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Navient in the fourth quarter valued at about $167,000. Brevan Howard Capital Management LP increased its stake in shares of Navient by 16.3% in 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 buying an additional 1,804 shares during the period. AXQ Capital LP acquired a new stake in shares of Navient in the fourth quarter valued at about $196,000. Finally, Headlands Technologies LLC increased its stake 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 buying an additional 13,018 shares during the period. 97.14% of the stock is currently owned by institutional investors.

Navient Trading Down 1.8%

NASDAQ NAVI opened at $13.51 on Wednesday. The business has a 50 day simple moving average of $12.46 and a 200 day simple moving average of $13.59. Navient Co. has a one year low of $10.53 and a one year high of $16.97. The stock has a market capitalization of $1.37 billion, a P/E ratio of 11.65 and a beta of 1.38. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49.

Navient (NASDAQ:NAVI) last announced 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 6.69% and a net margin of 2.96%. The firm had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $150.40 million. During the same quarter last year, the firm posted $0.47 earnings per share. Research analysts expect that Navient Co. will post 1.04 earnings per share for the current year.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.16 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.74%. Navient’s dividend payout ratio (DPR) is presently 128.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NAVI. Keefe, Bruyette & Woods decreased their price target on 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. increased their price target on Navient from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Thursday, May 1st. TD Securities increased their price target on Navient from $11.00 to $12.00 and gave the company a “sell” 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 decreased their target price on Navient from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Three research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.93.

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.