SLM Corp (SLM) Short Interest Update

SLM Corp (NASDAQ:SLM) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 18,658,937 shares, a growth of 6.4% from the January 12th total of 17,532,953 shares. Approximately 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 5,692,641 shares, the days-to-cover ratio is presently 3.3 days.

In other SLM news, EVP Laurent Charles Lutz sold 10,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $11.40, for a total transaction of $114,000.00. Following the completion of the transaction, the executive vice president now directly owns 410,806 shares of the company’s stock, valued at approximately $4,683,188.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $11.52, for a total value of $2,304,000.00. Following the transaction, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The disclosure for this sale can be found here. Insiders sold a total of 375,323 shares of company stock valued at $4,317,997 over the last three months. Corporate insiders own 0.59% of the company’s stock.

Several large investors have recently made changes to their positions in SLM. Steward Partners Investment Advisory LLC purchased a new stake in shares of SLM in the third quarter valued at $115,000. Cerebellum GP LLC purchased a new stake in shares of SLM in the fourth quarter valued at $127,000. Virtu Financial LLC purchased a new stake in shares of SLM in the fourth quarter valued at $135,000. Centaurus Financial Inc. purchased a new stake in shares of SLM in the fourth quarter valued at $174,000. Finally, LMR Partners LLP lifted its holdings in shares of SLM by 36.6% in the fourth quarter. LMR Partners LLP now owns 23,202 shares of the credit services provider’s stock valued at $262,000 after purchasing an additional 6,222 shares in the last quarter. Institutional investors own 99.60% of the company’s stock.

A number of equities analysts have issued reports on the company. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. Zacks Investment Research raised SLM from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Thursday, January 11th. Bank of America cut their price objective on SLM from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, January 26th. B. Riley reiterated a “buy” rating and set a $13.00 price objective (down previously from $14.00) on shares of SLM in a research report on Thursday, January 18th. Finally, FBR & Co set a $13.00 price objective on SLM and gave the company a “buy” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $14.18.

Shares of SLM (SLM) traded down $0.03 during trading hours on Friday, hitting $10.67. The stock had a trading volume of 4,732,916 shares, compared to its average volume of 5,231,352. SLM has a one year low of $9.65 and a one year high of $13.20. The firm has a market cap of $4,828.53, a P/E ratio of 17.21, a PEG ratio of 0.54 and a beta of 1.34. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.37 and a quick ratio of 1.33.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. SLM had a return on equity of 16.65% and a net margin of 20.23%. The company had revenue of $309.19 million during the quarter, compared to the consensus estimate of $299.64 million. During the same quarter in the prior year, the firm earned $0.15 EPS. research analysts expect that SLM will post 0.99 earnings per share for the current fiscal year.

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SLM Company Profile

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

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