BW Gestao de Investimentos Ltda. Makes New Investment in Navient Corporation $NAVI

BW Gestao de Investimentos Ltda. bought a new position in shares of Navient Corporation (NASDAQ:NAVI) in the 4th quarter, HoldingsChannel.com reports. The fund bought 230,000 shares of the credit services provider’s stock, valued at approximately $2,990,000.

Several other institutional investors have also recently bought and sold shares of NAVI. GAMMA Investing LLC raised its stake in Navient by 70.5% during the fourth quarter. GAMMA Investing LLC now owns 1,978 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 818 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Navient by 39.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider’s stock worth $55,000 after acquiring an additional 1,191 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Navient by 3,045.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the credit services provider’s stock worth $67,000 after acquiring an additional 4,964 shares in the last quarter. Covestor Ltd raised its stake in Navient by 88.0% during the fourth quarter. Covestor Ltd now owns 5,754 shares of the credit services provider’s stock worth $75,000 after acquiring an additional 2,693 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Navient during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America assumed coverage on Navient in a research note on Monday, April 20th. They set an “underperform” rating and a $7.00 target price for the company. Barclays boosted their target price on Navient from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Navient from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Morgan Stanley reduced their price target on Navient from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on Navient from $10.50 to $8.50 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Five investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Navient presently has an average rating of “Reduce” and an average price target of $9.29.

Navient Stock Performance

NASDAQ:NAVI opened at $8.11 on Wednesday. The stock has a market cap of $762.26 million, a P/E ratio of -12.87 and a beta of 1.20. The company has a current ratio of 7.67, a quick ratio of 7.67 and a debt-to-equity ratio of 16.49. The stock’s 50-day moving average is $8.46 and its 200-day moving average is $10.19. Navient Corporation has a 1-year low of $7.80 and a 1-year high of $16.07.

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

Navient Dividend Announcement

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

Navient Profile

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.