Landscape Capital Management L.L.C. Purchases New Holdings in Navient Corp (NAVI)
Landscape Capital Management L.L.C. purchased a new stake in Navient Corp (NASDAQ:NAVI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,254 shares of the credit services provider’s stock, valued at approximately $203,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Navient in the 3rd quarter valued at about $121,000. First Allied Advisory Services Inc. purchased a new position in shares of Navient in the 4th quarter valued at about $148,000. Advisors Asset Management Inc. grew its stake in Navient by 84.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 4,642 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Navient in the 4th quarter valued at about $177,000. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in Navient in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 97.90% of the company’s stock.
In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.40, for a total transaction of $250,891.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.68% of the stock is owned by company insiders.
Shares of Navient Corp (NAVI) opened at $13.47 on Wednesday. Navient Corp has a 12 month low of $11.48 and a 12 month high of $16.97. The stock has a market cap of $3,545.21, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.17 and a beta of 2.29. The company has a current ratio of 22.35, a quick ratio of 22.35 and a debt-to-equity ratio of 30.13.
Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Navient had a net margin of 5.94% and a return on equity of 13.90%. The company had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $362.33 million. During the same period last year, the company earned $0.43 EPS. sell-side analysts predict that Navient Corp will post 1.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.75%. Navient’s dividend payout ratio is currently 63.37%.
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Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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