Navient Co. (NASDAQ:NAVI) Shares Sold by Quest Partners LLC

Quest Partners LLC lowered its position in Navient Co. (NASDAQ:NAVI) by 76.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,002 shares of the credit services provider’s stock after selling 65,899 shares during the quarter. Quest Partners LLC’s holdings in Navient were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Navient by 1.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 133,901 shares of the credit services provider’s stock valued at $2,329,000 after acquiring an additional 1,444 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Navient by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 76,850 shares of the credit services provider’s stock valued at $1,338,000 after acquiring an additional 2,410 shares during the period. Comerica Bank increased its stake in shares of Navient by 16.5% during the first quarter. Comerica Bank now owns 47,491 shares of the credit services provider’s stock valued at $826,000 after acquiring an additional 6,720 shares during the period. EMC Capital Management increased its stake in shares of Navient by 27.4% during the first quarter. EMC Capital Management now owns 20,276 shares of the credit services provider’s stock valued at $353,000 after acquiring an additional 4,359 shares during the period. Finally, IAG Wealth Partners LLC acquired a new position in shares of Navient during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

Wall Street Analyst Weigh In

NAVI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised 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. StockNews.com upgraded shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America started coverage on shares of Navient in a research report on Monday, September 30th. They issued a “neutral” rating and a $17.00 price target on the stock. TD Cowen decreased their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, Barclays lifted their price target on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Navient currently has a consensus rating of “Hold” and an average target price of $15.75.

Insider Buying and Selling at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of Navient stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at $3,853,245. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 27.99% of the company’s stock.

Navient Trading Up 1.3 %

Navient stock opened at $15.57 on Tuesday. The company has a 50 day moving average price of $15.31 and a 200 day moving average price of $15.20. Navient Co. has a 52 week low of $13.71 and a 52 week high of $19.68. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 22.28 and a beta of 1.39.

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 forecast that Navient Co. will post 2.47 EPS for the current year.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, December 6th. Navient’s dividend payout ratio (DPR) is currently 92.75%.

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.