Semanteon Capital Management LP Purchases Shares of 19,962 Navient Co. (NASDAQ:NAVI)

Semanteon Capital Management LP purchased a new stake in Navient Co. (NASDAQ:NAVI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,962 shares of the credit services provider’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NAVI. Impact Partnership Wealth LLC raised its holdings in shares of Navient by 277.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,511 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 1,111 shares in the last quarter. CWM LLC raised its holdings in shares of Navient by 314.6% in the 3rd quarter. CWM LLC now owns 2,193 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 1,664 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Navient by 13.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock valued at $90,000 after purchasing an additional 607 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Navient by 367.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,795 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 5,342 shares during the last quarter. Finally, CI Investments Inc. increased its position in shares of Navient by 5,209.1% during the 3rd quarter. CI Investments Inc. now owns 9,291 shares of the credit services provider’s stock valued at $160,000 after purchasing an additional 9,116 shares during the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup increased their price objective on Navient from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Barclays reduced their price objective on Navient from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods reduced their price objective on Navient from $19.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, TD Cowen reduced their price objective on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.10.

Insider Transactions at Navient

In other news, EVP Mark L. Heleen sold 10,000 shares of Navient stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $17.20, for a total value of $172,000.00. Following the sale, the executive vice president now directly owns 385,577 shares in the company, valued at approximately $6,631,924.40. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 27.99% of the company’s stock.

Navient Trading Down 0.3 %

NAVI traded down $0.04 on Friday, hitting $15.72. 766,480 shares of the company were exchanged, compared to its average volume of 927,227. The firm has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $17.10. The company has a debt-to-equity ratio of 18.38, a quick ratio of 13.63 and a current ratio of 12.52. Navient Co. has a 12 month low of $14.10 and a 12 month high of $19.69. The stock has a market capitalization of $1.76 billion, a PE ratio of 10.13 and a beta of 1.38.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $163.00 million for the quarter, compared to analyst estimates of $188.04 million. Navient had a return on equity of 12.09% and a net margin of 3.93%. Sell-side analysts expect that Navient Co. will post 1.65 earnings per share for the current year.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.07%. Navient’s dividend payout ratio is currently 41.03%.

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.