Navient (NASDAQ:NAVI) Reaches New 12-Month Low – Should You Sell?

Shares of Navient Co. (NASDAQ:NAVI) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $12.78 and last traded at $12.82, with a volume of 86349 shares trading hands. The stock had previously closed at $13.05.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays raised their price objective on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. StockNews.com raised Navient from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. TD Cowen dropped their price target on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on Navient from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, Bank of America dropped their target price on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.50.

Navient Trading Down 1.5 %

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.64 and a beta of 1.40. The company has a fifty day moving average price of $14.84 and a 200-day moving average price of $15.13. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $150.04 million. During the same period in the previous year, the company earned $0.84 earnings per share. On average, equities research analysts predict that Navient Co. will post 2.47 EPS for the current year.

Navient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Friday, December 6th. Navient’s payout ratio is 92.75%.

Insider Buying and Selling at Navient

In related news, EVP Stephen M. Hauber sold 10,000 shares of the company’s 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 directly owns 256,883 shares of the company’s stock, valued at approximately $3,853,245. This represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its position in Navient by 22.1% in the 2nd quarter. Signaturefd LLC now owns 4,797 shares of the credit services provider’s stock worth $70,000 after buying an additional 869 shares during the period. Victory Capital Management Inc. increased its position in Navient by 0.9% during the second quarter. Victory Capital Management Inc. now owns 322,820 shares of the credit services provider’s stock worth $4,700,000 after acquiring an additional 2,991 shares during the period. Quest Partners LLC raised its stake in Navient by 102,163.1% during the 2nd quarter. Quest Partners LLC now owns 85,901 shares of the credit services provider’s stock valued at $1,251,000 after purchasing an additional 85,817 shares during the last quarter. American Century Companies Inc. boosted its holdings in Navient by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 1,582,928 shares of the credit services provider’s stock valued at $23,047,000 after purchasing an additional 171,160 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Navient by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 122,024 shares of the credit services provider’s stock worth $1,777,000 after purchasing an additional 4,095 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

About Navient

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.