Stephen M. Hauber Sells 10,000 Shares of Navient Co. (NASDAQ:NAVI) Stock

Navient Co. (NASDAQ:NAVI) EVP Stephen M. Hauber sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president now directly owns 256,883 shares of the company’s stock, valued at $3,853,245. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Navient Trading Down 3.1 %

Shares of NASDAQ:NAVI traded down $0.48 during midday trading on Thursday, reaching $15.25. The company had a trading volume of 819,658 shares, compared to its average volume of 790,933. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49. Navient Co. has a 1-year low of $13.71 and a 1-year high of $19.68. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 22.44 and a beta of 1.39. The company has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $15.25.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $1.20. Navient had a net margin of 1.71% and a return on equity of 8.62%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $150.04 million. During the same quarter last year, the business posted $0.84 EPS. Research analysts predict that Navient Co. will post 1.79 earnings per share for the current year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.20%. Navient’s payout ratio is 92.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. TD Cowen lowered their price objective on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Barclays boosted their price objective on Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Navient has an average rating of “Hold” and an average price target of $15.78.

Hedge Funds Weigh In On Navient

A number of hedge funds have recently modified their holdings of NAVI. Allspring Global Investments Holdings LLC purchased a new position in Navient in the first quarter valued at about $36,000. IAG Wealth Partners LLC acquired a new stake in shares of Navient during the 2nd quarter valued at about $50,000. KBC Group NV grew its stake in shares of Navient by 47.0% in the 3rd quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock valued at $68,000 after buying an additional 1,392 shares in the last quarter. Signaturefd LLC increased its holdings in Navient by 22.1% in the second quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock worth $70,000 after buying an additional 869 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Navient in the third quarter valued at approximately $87,000. 97.14% of the stock is 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.