Navient Sees Unusually High Options Volume (NAVI)

Navient Corp (NASDAQ:NAVI) was the target of unusually large options trading activity on Tuesday. Investors purchased 1,484 call options on the company. This represents an increase of approximately 1,933% compared to the typical volume of 73 call options.

A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of Navient from a “strong sell” rating to a “sell” rating in a report on Tuesday. BidaskClub upgraded shares of Navient from a “strong sell” rating to a “sell” rating in a report on Thursday, November 8th. Citigroup cut their price target on shares of Navient from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Oppenheimer restated a “hold” rating on shares of Navient in a report on Thursday, October 25th. Finally, Zacks Investment Research downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.79.

Shares of NASDAQ NAVI opened at $12.66 on Thursday. The company has a market cap of $3.25 billion, a PE ratio of 6.06 and a beta of 2.30. The company has a debt-to-equity ratio of 26.37, a current ratio of 17.67 and a quick ratio of 19.74. Navient has a 1 year low of $8.23 and a 1 year high of $15.02.

Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Navient had a net margin of 7.04% and a return on equity of 14.08%. The firm had revenue of $307.00 million during the quarter, compared to the consensus estimate of $315.67 million. During the same quarter last year, the firm earned $0.43 EPS. On average, sell-side analysts expect that Navient will post 1.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.64 annualized dividend and a yield of 5.06%. Navient’s dividend payout ratio (DPR) is presently 30.62%.

A number of institutional investors have recently bought and sold shares of NAVI. Doyle Wealth Management acquired a new stake in Navient in the 4th quarter valued at approximately $46,000. Bessemer Group Inc. increased its holdings in Navient by 165.5% in the 4th quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 3,389 shares during the last quarter. Jane Street Group LLC acquired a new stake in Navient in the 4th quarter valued at approximately $93,000. Signition LP increased its holdings in Navient by 13.6% in the 4th quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,358 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in Navient in the 4th quarter valued at approximately $103,000. Hedge funds and other institutional investors own 90.18% of the company’s stock.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

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