SLM Co. (NASDAQ:SLMBP) Short Interest Down 11.9% in February

SLM Co. (NASDAQ:SLMBP) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 5,900 shares, a drop of 11.9% from the January 31st total of 6,700 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 0.6 days.

SLM Stock Down 0.9 %

Shares of SLM stock opened at $74.05 on Friday. SLM has a twelve month low of $72.21 and a twelve month high of $80.67. The firm’s 50-day moving average price is $74.71 and its 200 day moving average price is $74.83.

SLM Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be paid a $1.5951 dividend. This represents a $6.38 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Wednesday, March 5th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SLM stock. Shikiar Asset Management Inc. grew its holdings in SLM Co. (NASDAQ:SLMBP) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,093 shares of the company’s stock after purchasing an additional 3,850 shares during the quarter. SLM comprises approximately 2.3% of Shikiar Asset Management Inc.’s portfolio, making the stock its 13th largest holding. Shikiar Asset Management Inc.’s holdings in SLM were worth $8,739,000 as of its most recent SEC filing.

About SLM

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.