Navient Corp (NASDAQ:NAVI) shares reached a new 52-week low during trading on Thursday . The company traded as low as $10.38 and last traded at $10.67, with a volume of 1533274 shares changing hands. The stock had previously closed at $10.82.

A number of research analysts have commented on NAVI shares. ValuEngine raised shares of Navient from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 27th. BidaskClub downgraded shares of Navient from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of Navient from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Finally, Oppenheimer reissued a “hold” rating on shares of Navient in a research report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.55.

The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 6.04 and a beta of 2.11. The company has a current ratio of 19.74, a quick ratio of 19.74 and a debt-to-equity ratio of 25.59.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, October 23rd. The credit services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Navient had a net margin of 4.29% and a return on equity of 13.43%. The business had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $310.17 million. During the same period last year, the business earned $0.55 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. Equities analysts forecast that Navient Corp will post 1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Thursday, December 6th. Navient’s dividend payout ratio is currently 35.75%.

Several large investors have recently added to or reduced their stakes in NAVI. Point72 Asset Management L.P. bought a new stake in shares of Navient in the 2nd quarter valued at about $125,000. Yorktown Management & Research Co Inc acquired a new stake in Navient in the 2nd quarter worth approximately $130,000. Signition LP acquired a new stake in Navient in the 3rd quarter worth approximately $135,000. Gryphon Financial Partners LLC boosted its stake in Navient by 212.9% in the 3rd quarter. Gryphon Financial Partners LLC now owns 10,113 shares of the credit services provider’s stock worth $137,000 after purchasing an additional 6,881 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Navient in the 2nd quarter worth approximately $151,000. Institutional investors and hedge funds own 93.54% of the company’s stock.

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About Navient (NASDAQ:NAVI)

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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