Mark L. Heleen Sells 10,000 Shares of Navient Co. (NASDAQ:NAVI) Stock

Navient Co. (NASDAQ:NAVI) EVP Mark L. Heleen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $16.00, for a total value of $160,000.00. Following the completion of the transaction, the executive vice president now directly owns 393,611 shares in the company, valued at $6,297,776. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Navient Trading Down 1.4 %

Shares of NAVI traded down $0.22 during trading hours on Monday, reaching $15.76. The stock had a trading volume of 777,657 shares, compared to its average volume of 928,952. The company has a quick ratio of 12.52, a current ratio of 12.52 and a debt-to-equity ratio of 18.38. Navient Co. has a 52 week low of $14.10 and a 52 week high of $19.69. The firm has a 50-day moving average of $16.47 and a 200 day moving average of $17.01. The company has a market cap of $1.76 billion, a P/E ratio of 10.10 and a beta of 1.39.

Navient (NASDAQ:NAVI) last announced its earnings results 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 during the quarter, compared to analyst estimates of $188.04 million. Navient had a net margin of 3.93% and a return on equity of 12.09%. On average, sell-side analysts expect that Navient Co. will post 1.66 earnings per share for the current fiscal year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Thursday, February 29th. Navient’s payout ratio is presently 41.03%.

Hedge Funds Weigh In On Navient

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in Navient in the 1st quarter worth $36,000. PNC Financial Services Group Inc. boosted its stake in Navient by 13.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,236 shares of the credit services provider’s stock worth $90,000 after purchasing an additional 607 shares during the period. CI Investments Inc. boosted its stake in Navient by 5,209.1% in the 3rd quarter. CI Investments Inc. now owns 9,291 shares of the credit services provider’s stock worth $160,000 after purchasing an additional 9,116 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Navient by 1,762.0% during the 4th quarter. International Assets Investment Management LLC now owns 9,310 shares of the credit services provider’s stock worth $173,000 after buying an additional 8,810 shares during the last quarter. Finally, Boulder Hill Capital Management LP acquired a new position in shares of Navient during the 4th quarter worth about $188,000. 97.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NAVI has been the topic of several research reports. StockNews.com downgraded Navient from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Navient in a report on Wednesday, January 10th. They set a “hold” rating and a $19.00 price objective on the stock. TD Cowen reduced their price objective on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a report on Friday, April 26th. 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 report on Thursday, April 25th. Finally, 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 report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, Navient has an average rating of “Hold” and a consensus target price of $16.10.

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.