Twinbeech Capital LP Acquires Shares of 13,025 Navient Co. (NASDAQ:NAVI)

Twinbeech Capital LP acquired a new stake in shares of Navient Co. (NASDAQ:NAVI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,025 shares of the credit services provider’s stock, valued at approximately $173,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NAVI. American Century Companies Inc. boosted its holdings in shares of Navient by 6.4% during the 4th quarter. American Century Companies Inc. now owns 1,822,583 shares of the credit services provider’s stock valued at $24,222,000 after acquiring an additional 109,229 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Navient by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,567,466 shares of the credit services provider’s stock valued at $20,832,000 after acquiring an additional 199,937 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Navient by 47.4% during the 4th quarter. Wellington Management Group LLP now owns 1,315,841 shares of the credit services provider’s stock valued at $17,488,000 after acquiring an additional 423,013 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Navient by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,149,599 shares of the credit services provider’s stock valued at $15,278,000 after acquiring an additional 10,788 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Navient by 2.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 917,232 shares of the credit services provider’s stock valued at $12,190,000 after acquiring an additional 22,765 shares during the last quarter. 97.14% of the stock is currently owned by institutional investors.

Navient Stock Performance

NAVI opened at $13.25 on Friday. The company has a current ratio of 9.48, a quick ratio of 9.49 and a debt-to-equity ratio of 16.35. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 11.42 and a beta of 1.38. The company’s 50 day moving average is $12.45 and its 200 day moving average is $13.57. Navient Co. has a 12-month low of $10.53 and a 12-month high of $16.97.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Navient had a net margin of 2.96% and a return on equity of 6.69%. The business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $150.40 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities research analysts predict that Navient Co. will post 1.04 EPS for the current year.

Navient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, June 6th. Navient’s dividend payout ratio is currently 128.00%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NAVI shares. JPMorgan Chase & Co. raised their price target on shares of Navient from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Thursday, May 1st. TD Cowen downgraded shares of Navient from a “hold” rating to a “strong sell” rating in a report on Thursday, May 1st. Jefferies Financial Group dropped their price target on shares of Navient from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Monday, April 21st. TD Securities raised their price objective on shares of Navient from $11.00 to $12.00 and gave the stock a “sell” rating in a report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.93.

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.