Navient (NASDAQ:NAVI) Sets New 52-Week Low – Here’s What Happened

Navient Co. (NASDAQ:NAVI) hit a new 52-week low on Monday . The company traded as low as $13.71 and last traded at $13.75, with a volume of 459630 shares changing hands. The stock had previously closed at $14.26.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NAVI shares. JPMorgan Chase & Co. lowered their price objective on shares of Navient from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. StockNews.com upgraded shares of Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Barclays upped their target price on Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. TD Cowen decreased their price objective on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Bank of America started coverage on shares of Navient in a report on Monday, September 30th. They set a “neutral” rating and a $17.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.63.

Navient Stock Down 4.9 %

The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59. The business has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $15.16. The company has a market cap of $1.46 billion, a PE ratio of 19.65 and a beta of 1.40.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $1.20. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $150.04 million. Navient had a net margin of 1.71% and a return on equity of 8.62%. During the same quarter in the prior year, the company earned $0.84 EPS. As a group, equities research analysts predict that Navient Co. will post 2.47 earnings per share for the current year.

Navient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.72%. Navient’s payout ratio is 92.75%.

Insider Buying and Selling at Navient

In other news, EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at $3,853,245. This represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 27.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. boosted its stake in Navient by 27.8% during the third quarter. Donald Smith & CO. Inc. now owns 3,581,311 shares of the credit services provider’s stock worth $55,833,000 after buying an additional 779,973 shares during the period. American Century Companies Inc. increased its holdings in Navient by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider’s stock valued at $23,047,000 after purchasing an additional 171,160 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Navient by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,092,270 shares of the credit services provider’s stock valued at $17,028,000 after purchasing an additional 19,606 shares during the period. Wellington Management Group LLP lifted its stake in Navient by 0.9% during the third quarter. Wellington Management Group LLP now owns 892,828 shares of the credit services provider’s stock worth $13,919,000 after purchasing an additional 8,117 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Navient by 5.4% during the third quarter. Empowered Funds LLC now owns 444,467 shares of the credit services provider’s stock worth $6,929,000 after buying an additional 22,646 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.

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.