Kendall Capital Management Sells 4,065 Shares of Navient Co. (NASDAQ:NAVI)

Kendall Capital Management cut its stake in shares of Navient Co. (NASDAQ:NAVI) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,395 shares of the credit services provider’s stock after selling 4,065 shares during the quarter. Kendall Capital Management’s holdings in Navient were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. KBC Group NV lifted its position in Navient by 47.0% during the third quarter. KBC Group NV now owns 4,355 shares of the credit services provider’s stock valued at $68,000 after purchasing an additional 1,392 shares during the last quarter. Covestor Ltd lifted its position in Navient by 24.6% during the third quarter. Covestor Ltd now owns 7,360 shares of the credit services provider’s stock valued at $115,000 after purchasing an additional 1,455 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Navient in the 4th quarter worth approximately $167,000. Paloma Partners Management Co bought a new stake in shares of Navient in the 3rd quarter worth approximately $174,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Navient by 12.6% in the 3rd quarter. Quantinno Capital Management LP now owns 14,173 shares of the credit services provider’s stock worth $221,000 after acquiring an additional 1,587 shares during the last quarter. 97.14% of the stock is currently owned by institutional investors.

Navient Stock Up 2.6 %

Shares of NASDAQ NAVI opened at $14.19 on Monday. 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 Co. has a 52 week low of $12.73 and a 52 week high of $17.56. The firm’s fifty day moving average is $13.76 and its 200 day moving average is $14.72. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 12.23 and a beta of 1.36.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. On average, equities research analysts expect that Navient Co. will post 1.04 earnings per share for the current year.

Navient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, March 7th. Navient’s payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NAVI. JPMorgan Chase & Co. lowered their price objective on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Bank of America lowered their price objective on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. StockNews.com lowered shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.90.

Navient Company 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.