as the nation's leading loan management, servicing and asset recovery company, navient (nasdaq:navi) helps customers navigate the path to financial success. servicing more than $300 billion in student loans, the company supports the educational and economic achievements of more than 12 million americans. a growing number of government and higher education clients rely on navient for proven solutions to meet their financial goals. learn more at navient.com.
Company profile
Ticker
NAVI, JSM
Exchange
Website
CEO
John Remondi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Corp
SEC CIK
Corporate docs
Subsidiaries
Navient Solutions, LLC • Navient Credit Finance Corporation • Navient Credit Funding, LLC • Navient Funding, LLC • Riverfront Insurance, LLC ...
NAVI stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
24 May 24
8-K
Submission of Matters to a Vote of Security Holders
24 May 24
8-K
Entry into a Material Definitive Agreement
13 May 24
8-K
Departure of Directors or Certain Officers
29 Apr 24
8-K/A
Results of Operations and Financial Condition
25 Apr 24
10-Q
2024 Q1
Quarterly report
24 Apr 24
8-K
Navient posts first quarter 2024 financial results
23 Apr 24
DEFR14A
Revised proxy
17 Apr 24
8-K
Departure of Directors or Certain Officers
16 Apr 24
DEFA14A
Additional proxy soliciting materials
11 Apr 24
Transcripts
NAVI
Earnings call transcript
2024 Q1
24 Apr 24
NAVI
Earnings call transcript
2023 Q4
31 Jan 24
NAVI
Earnings call transcript
2023 Q3
25 Oct 23
NAVI
Earnings call transcript
2023 Q2
26 Jul 23
NAVI
Earnings call transcript
2023 Q2
26 Jul 23
NAVI
Earnings call transcript
2023 Q1
26 Apr 23
NAVI
Earnings call transcript
2022 Q4
25 Jan 23
NAVI
Earnings call transcript
2022 Q3
26 Oct 22
NAVI
Earnings call transcript
2022 Q2
27 Jul 22
NAVI
Earnings call transcript
2022 Q1
27 Apr 22
Latest ownership filings
4
STEPHEN M HAUBER
28 May 24
4
DAVID L. YOWAN
17 May 24
4
MARK L HELEEN
6 May 24
144
Notice of proposed sale of securities
3 May 24
3
Initial statement of insider ownership
1 Mar 24
4
JOHN M KANE
1 Mar 24
4
MARK L HELEEN
1 Mar 24
4
STEPHEN M HAUBER
1 Mar 24
4
Joe Fisher
1 Mar 24
SC 13D/A
Sherborne Investors Management LP
28 Feb 24
Financial summary
Quarter (USD) | Mar 24 | Sep 23 | Jun 23 | Mar 23 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.95 bn | 2.95 bn | 2.95 bn | 2.95 bn | 2.95 bn | 2.95 bn |
Cash burn (monthly) | (no burn) | 154.92 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 357.07 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 2.59 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 16.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
64.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 5 |
Closed positions | 223 |
Increased positions | 7 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 11.33 bn |
Total shares | 72.58 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Sherborne Investors Management | 29.45 mm | $576.34 mm |
Sherborne Investors | 29.45 mm | $490.05 mm |
Cantor Fitzgerald Europe | 12.61 mm | $267.66 mm |
DekaBank Deutsche Girozentrale | 231.19 k | $4.32 mm |
Assenagon Asset Management | 201.50 k | $3.75 bn |
New York State Teachers Retirement System | 173.05 k | $3.22 mm |
Denali Advisors | 131.10 k | $2.44 bn |
SG Americas Securities | 61.24 k | $1.14 mm |
Kendall Capital Management | 53.77 k | $1.00 bn |
State of Alaska, Department of Revenue | 52.08 k | $969.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 May 24 | Stephen M Hauber | Common Stock | Grant | Acquire A | No | No | 14.94 | 6,527 | 97.51 k | 264,536.126 |
23 May 24 | Stephen M Hauber | Common Stock | Grant | Acquire A | No | No | 14.94 | 5,020 | 75.00 k | 258,009.126 |
15 May 24 | David L. Yowan | Common Stock | Payment of exercise | Dispose F | No | No | 15.6 | 22,822 | 356.02 k | 306,453 |
3 May 24 | Mark L Heleen | Common Stock | Sell | Dispose S | No | Yes | 16 | 10,000 | 160.00 k | 393,611.423 |
28 Feb 24 | John M Kane | Common Stock | Payment of exercise | Dispose F | No | No | 15.75 | 9,479 | 149.29 k | 513,557.999 |
28 Feb 24 | Mark L Heleen | Common Stock | Payment of exercise | Dispose F | No | No | 15.75 | 7,414 | 116.77 k | 403,611.423 |
News
Barclays Maintains Underweight on Navient, Lowers Price Target to $11
25 Apr 24
Cracking The Code: Understanding Analyst Reviews For Navient
25 Apr 24
JP Morgan Maintains Neutral on Navient, Lowers Price Target to $16
25 Apr 24
Keefe, Bruyette & Woods Maintains Market Perform on Navient, Lowers Price Target to $17
25 Apr 24
Biden Wipes More Than $7M In Student Debt For 277K Borrowers: 'Too Many People Feel The Strain And Stress'
12 Apr 24
Press releases
Navient declares second quarter common stock dividend
23 May 24
Earnest Names Nick Norcross as Chief Product Officer
10 May 24
Boys & Girls Clubs of Delaware, Navient to host May 4 college planning conference
25 Apr 24
Navient to announce first quarter 2024 results, host earnings webcast April 24
10 Apr 24
Duncan Solutions Appoints Jason Sutton as Senior Vice President, Parking and Mobility Solutions
9 Apr 24