Entropy Technologies LP Has $230,000 Holdings in Navient Co. (NASDAQ:NAVI)

Entropy Technologies LP lowered its position in Navient Co. (NASDAQ:NAVI) by 13.0% in the third quarter, HoldingsChannel.com reports. The fund owned 14,726 shares of the credit services provider’s stock after selling 2,200 shares during the quarter. Entropy Technologies LP’s holdings in Navient were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jupiter Asset Management Ltd. bought a new position in shares of Navient in the first quarter valued at about $4,813,000. State Board of Administration of Florida Retirement System raised its stake in shares of Navient by 178.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 73,578 shares of the credit services provider’s stock worth $1,177,000 after acquiring an additional 47,189 shares during the last quarter. Quest Partners LLC lifted its position in shares of Navient by 102,163.1% during the second quarter. Quest Partners LLC now owns 85,901 shares of the credit services provider’s stock worth $1,251,000 after purchasing an additional 85,817 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Navient during the first quarter valued at approximately $344,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Navient in the second quarter valued at approximately $696,000. 97.14% of the stock is owned by institutional investors and hedge funds.

Navient Stock Performance

Shares of Navient stock opened at $15.14 on Friday. Navient Co. has a 12 month low of $13.71 and a 12 month high of $19.68. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59. The company has a market capitalization of $1.63 billion, a PE ratio of 21.94 and a beta of 1.39. The stock’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $15.22.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $1.20. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same period in the previous year, the firm earned $0.84 EPS. On average, research analysts predict that Navient Co. will post 2.28 EPS for the current year.

Navient Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.23%. Navient’s payout ratio is 92.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NAVI shares. TD Cowen dropped their target price on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, November 1st. StockNews.com raised Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their target price on shares of Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Barclays lifted their price target on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Finally, Bank of America assumed coverage on shares of Navient in a report on Monday, September 30th. They issued a “neutral” rating and a $17.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Navient has a consensus rating of “Hold” and an average target price of $15.75.

Insider Activity at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of Navient stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares of the company’s stock, valued at $3,853,245. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 27.99% of the stock is currently owned by insiders.

Navient Company 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.