nVerses Capital LLC Invests $87,000 in Navient Co. (NASDAQ:NAVI)

nVerses Capital LLC bought a new position in shares of Navient Co. (NASDAQ:NAVI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,600 shares of the credit services provider’s stock, valued at approximately $87,000.

Other large investors also recently modified their holdings of the company. Creative Planning boosted its stake in Navient by 32.2% in the third quarter. Creative Planning now owns 55,387 shares of the credit services provider’s stock valued at $863,000 after buying an additional 13,497 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Navient by 2.7% in the third quarter. Wedge Capital Management L L P NC now owns 45,584 shares of the credit services provider’s stock valued at $711,000 after buying an additional 1,218 shares in the last quarter. SG Americas Securities LLC boosted its stake in Navient by 35.6% in the third quarter. SG Americas Securities LLC now owns 44,632 shares of the credit services provider’s stock valued at $696,000 after buying an additional 11,723 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Navient by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 46,534 shares of the credit services provider’s stock valued at $678,000 after buying an additional 722 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Navient by 15.4% in the second quarter. AQR Capital Management LLC now owns 240,209 shares of the credit services provider’s stock valued at $3,466,000 after buying an additional 31,983 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Trading Down 0.6 %

Shares of NAVI stock opened at $15.73 on Monday. The company has a market cap of $1.76 billion, a P/E ratio of 10.08 and a beta of 1.39. The stock has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $15.39. The company has a debt-to-equity ratio of 17.30, a quick ratio of 9.99 and a current ratio of 9.99. Navient Co. has a fifty-two week low of $13.95 and a fifty-two week high of $19.68.

Navient (NASDAQ:NAVI) last issued its earnings results on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $157.27 million. Navient had a return on equity of 11.06% and a net margin of 3.41%. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Research analysts forecast that Navient Co. will post 1.36 earnings per share for the current year.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.07%. Navient’s dividend payout ratio (DPR) is presently 41.03%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Bank of America assumed coverage on Navient in a research report on Monday, September 30th. They issued a “neutral” rating and a $17.00 target price for the company. Barclays increased their target price on Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Navient has a consensus rating of “Hold” and a consensus price target of $15.78.

Navient Profile

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.