BW Gestao de Investimentos Ltda. Takes $2.99 Million Position in Navient Corporation $NAVI

BW Gestao de Investimentos Ltda. bought a new stake in Navient Corporation (NASDAQ:NAVI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 230,000 shares of the credit services provider’s stock, valued at approximately $2,990,000. BW Gestao de Investimentos Ltda. owned 0.24% of Navient as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of NAVI. Lighthouse Investment Partners LLC boosted its position in shares of Navient by 790.1% in the third quarter. Lighthouse Investment Partners LLC now owns 1,590,339 shares of the credit services provider’s stock valued at $20,913,000 after acquiring an additional 1,411,662 shares during the period. Orbis Allan Gray Ltd boosted its position in shares of Navient by 23.2% in the second quarter. Orbis Allan Gray Ltd now owns 2,848,718 shares of the credit services provider’s stock valued at $40,167,000 after acquiring an additional 536,933 shares during the period. Millennium Management LLC boosted its position in shares of Navient by 70.0% in the third quarter. Millennium Management LLC now owns 888,186 shares of the credit services provider’s stock valued at $11,680,000 after acquiring an additional 365,677 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of Navient by 66.2% in the third quarter. Tudor Investment Corp ET AL now owns 590,581 shares of the credit services provider’s stock valued at $7,766,000 after acquiring an additional 235,142 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Navient by 44.7% in the third quarter. Allianz Asset Management GmbH now owns 696,720 shares of the credit services provider’s stock valued at $9,162,000 after acquiring an additional 215,103 shares during the period. Institutional investors own 97.14% of the company’s stock.

Navient Stock Down 4.5%

NAVI stock opened at $8.11 on Wednesday. The company has a market cap of $762.26 million, a PE ratio of -12.87 and a beta of 1.20. The business has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $10.19. Navient Corporation has a 52 week low of $7.80 and a 52 week high of $16.07. The company has a quick ratio of 7.67, a current ratio of 7.67 and a debt-to-equity ratio of 16.49.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, April 28th. The credit services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $152.00 million during the quarter, compared to the consensus estimate of $141.47 million. Navient had a positive return on equity of 4.39% and a negative net margin of 1.94%.During the same quarter in the previous year, the firm earned $0.25 earnings per share. Sell-side analysts anticipate that Navient Corporation will post 0.71 EPS for the current fiscal year.

Navient Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, June 5th. Navient’s payout ratio is -101.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NAVI shares. Morgan Stanley reduced their target price on shares of Navient from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Wall Street Zen raised shares of Navient from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Navient from $10.50 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, April 9th. TD Cowen boosted their target price on shares of Navient from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a research note on Friday, March 27th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $9.29.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.