Steamboat Capital Partners LLC Trims Position in SLM Corporation $SLM

Steamboat Capital Partners LLC cut its stake in shares of SLM Corporation (NASDAQ:SLM) by 46.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,864 shares of the credit services provider’s stock after selling 85,877 shares during the period. Steamboat Capital Partners LLC’s holdings in SLM were worth $2,565,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in SLM during the second quarter valued at approximately $55,000. Triumph Capital Management purchased a new stake in SLM in the 3rd quarter worth approximately $69,000. Nykredit A S bought a new position in SLM in the 2nd quarter valued at $77,000. EverSource Wealth Advisors LLC boosted its holdings in SLM by 19.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,081 shares of the credit services provider’s stock valued at $66,000 after purchasing an additional 501 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of SLM by 738.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,077 shares of the credit services provider’s stock valued at $106,000 after purchasing an additional 3,591 shares in the last quarter. Hedge funds and other institutional investors own 98.94% of the company’s stock.

SLM Price Performance

Shares of NASDAQ:SLM opened at $26.28 on Wednesday. The company’s fifty day moving average price is $26.13 and its 200-day moving average price is $23.31. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 2.35 and a beta of 0.96. SLM Corporation has a one year low of $17.77 and a one year high of $31.06. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.17). SLM had a net margin of 26.09% and a return on equity of 33.81%. The company had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $409.22 million. During the same quarter last year, the business posted $0.32 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. On average, equities research analysts anticipate that SLM Corporation will post 3.12 earnings per share for the current fiscal year.

SLM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 2.0%. SLM’s dividend payout ratio (DPR) is presently 14.53%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SLM. Wall Street Zen cut shares of SLM from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings raised SLM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Royal Bank Of Canada boosted their target price on SLM from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Barclays restated an “equal weight” rating and issued a $26.00 target price (down from $30.00) on shares of SLM in a research note on Tuesday, July 7th. Finally, Zacks Research cut SLM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SLM currently has a consensus rating of “Hold” and a consensus target price of $29.80.

SLM Profile

SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.

Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.