Landscape Capital Management L.L.C. Makes New $2.53 Million Investment in Navient Corporation $NAVI

Landscape Capital Management L.L.C. bought a new stake in Navient Corporation (NASDAQ:NAVI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 297,331 shares of the credit services provider’s stock, valued at approximately $2,530,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Navient by 325.6% in the first quarter. Parallel Advisors LLC now owns 5,005 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 3,829 shares in the last quarter. Versant Capital Management Inc raised its stake in Navient by 552.6% during the 2nd quarter. Versant Capital Management Inc now owns 4,855 shares of the credit services provider’s stock worth $41,000 after buying an additional 4,111 shares during the period. Kestra Advisory Services LLC bought a new position in Navient in the fourth quarter valued at approximately $44,000. PNC Financial Services Group Inc. boosted its position in shares of Navient by 39.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider’s stock worth $55,000 after buying an additional 1,191 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Navient by 3,045.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the credit services provider’s stock valued at $67,000 after purchasing an additional 4,964 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Navient from $9.50 to $8.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Navient in a research note on Wednesday, June 24th. TD Cowen reissued a “sell” rating on shares of Navient in a research report on Friday, August 7th. Finally, Barclays boosted their price objective on shares of Navient from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $9.14.

Navient Stock Performance

Shares of NASDAQ NAVI opened at $9.45 on Friday. The company has a current ratio of 10.53, a quick ratio of 10.53 and a debt-to-equity ratio of 16.73. The company has a market capitalization of $886.22 million, a P/E ratio of -18.90 and a beta of 1.18. Navient Corporation has a 12 month low of $7.33 and a 12 month high of $13.87. The stock has a 50 day moving average of $8.60 and a 200-day moving average of $8.60.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Thursday, August 6th. The credit services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Navient had a positive return on equity of 4.68% and a negative net margin of 1.64%.The business had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $142.87 million. During the same quarter in the prior year, the business earned $0.20 EPS. As a group, equities research analysts predict that Navient Corporation will post 0.76 EPS for the current year.

Navient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.64 annualized dividend and a dividend yield of 6.8%. Navient’s dividend payout ratio is presently -128.00%.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.