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

Gator Capital Management LLC lowered its position in shares of Navient Co. (NASDAQ:NAVI) by 53.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 32,195 shares of the credit services provider’s stock after selling 37,000 shares during the quarter. Gator Capital Management LLC’s holdings in Navient were worth $428,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Navient in the fourth quarter worth about $167,000. Paloma Partners Management Co purchased a new position in Navient during the 3rd quarter worth approximately $174,000. AXQ Capital LP purchased a new stake in shares of Navient in the 4th quarter valued at $196,000. 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 worth $196,000 after acquiring an additional 13,018 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Navient by 12.6% during the third quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after purchasing an additional 1,587 shares during the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Navient Stock Down 6.1 %

Navient stock opened at $11.14 on Friday. Navient Co. has a 12 month low of $10.96 and a 12 month high of $17.28. The stock has a market capitalization of $1.14 billion, a PE ratio of 9.60 and a beta of 1.24. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. The business has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $14.33.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. On average, analysts anticipate that Navient Co. will post 1.04 EPS for the current fiscal year.

Navient Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reduced their price target on Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. lowered their price objective 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 raised shares of Navient from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Bank of America lowered their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.50.

About Navient

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.