Capula Management Ltd Acquires Shares of 19,587 Navient Co. (NASDAQ:NAVI)

Capula Management Ltd bought a new position in Navient Co. (NASDAQ:NAVI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 19,587 shares of the credit services provider’s stock, valued at approximately $260,000.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Navient during the 4th quarter valued at $167,000. AXQ Capital LP purchased a new stake in shares of Navient in the fourth quarter valued at $196,000. Headlands Technologies LLC lifted its holdings in shares of Navient by 757.3% in the 4th 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 last quarter. Quantinno Capital Management LP boosted its stake in shares of Navient by 12.6% during the 3rd 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 period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Navient during the 3rd quarter worth about $256,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.

Navient Trading Down 2.5 %

Shares of NASDAQ NAVI opened at $10.76 on Wednesday. Navient Co. has a twelve month low of $10.53 and a twelve month high of $17.28. The firm has a market cap of $1.10 billion, a PE ratio of 9.28 and a beta of 1.24. The business has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $14.22. The company has a quick ratio of 9.49, a current ratio of 9.48 and a debt-to-equity ratio of 16.35.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share 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%. Analysts expect that Navient Co. will post 1.04 earnings per share for the current fiscal year.

Navient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.95%. Navient’s dividend payout ratio is presently 55.17%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NAVI shares. Keefe, Bruyette & Woods reduced their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. Bank of America decreased their price target on Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Seaport Res Ptn raised Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on Navient from $13.50 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Navient presently has a consensus rating of “Hold” and an average price target of $13.00.

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.