|Bid||17.55 x 2200|
|Ask||0.00 x 800|
|Day's Range||21.45 - 21.85|
|52 Week Range||15.23 - 23.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||17.91|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The company has been feuding with Canyon Partners, which owns 10.5 percent of its stock and made a purchase offer earlier this year.
Navient Corporation (NAVI) and Canyon Partners, LLC today announced that they reached a cooperation agreement pursuant to which Navient will add two experienced directors, Marjorie Bowen and Larry Klane, to its Board of Directors as soon as practicable. Ms. Bowen is a former investment banker and Mr. Klane is a financial technology investor and former banking executive. Both Ms. Bowen and Mr. Klane will be nominated by Navient for election at Navient’s upcoming annual meeting, scheduled for June 6, 2019.
The Wilmington, Delaware-based company said it had net income of 52 cents per share. Earnings, adjusted for non-recurring costs, came to 55 cents per share. The results topped Wall Street expectations. ...
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Navient Corporation (NAVI). Throughout 2017 and 2018, Navient was sued in several civil suits by the U.S. CFPB and Attorneys General from Illinois, Pennsylvania, Washington, California and Mississippi for violations of consumer protection laws based on allegations of widespread acts of misconduct toward loan borrowers. In October 2017, the Company was sued in a securities class action lawsuit for failing to disclose material information, which is ongoing.
NEW YORK, Feb. 27, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
NEW ORLEANS , Feb. 22, 2019 /PRNewswire/ -- Former Attorney General of Louisiana , Charles C. Foti, Jr., Esq. , a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF ...
LOS ANGELES, Feb. 21, 2019 /PRNewswire/ -- Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today sent a letter to the board of directors (the "Board") of Navient Corporation ("Navient") (NAVI) proposing a minority slate of four nominees for election to the Board as independent directors at Navient's 2019 annual meeting of stockholders. As you know, Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon") is the investment advisor to funds and accounts that hold more than 25.6 million shares, over 10%, of the outstanding common stock of the Company. Canyon has been a Navient investor for years and is the Company's largest shareholder.
LOS ANGELES, Feb. 19, 2019 /PRNewswire/ -- Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today sent a letter to the board of directors of Navient Corporation ("Navient") (NAVI) in response to Navient's letter and press release issued on February 18, 2019. Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon") was surprised and frankly confused by the letter from Company Chairman Diefenderfer and the accompanying press release with respect to Canyon's indication of interest in acquiring the Company for $12.50 a share.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of 28 cents. Earnings, adjusted for non-recurring costs, were 58 cents per share. The results exceeded Wall Street expectations. ...
Navient (NASDAQ: NAVI ) announces its next round of earnings this Tuesday, Jan. 22. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement. Earnings and Revenue Analysts ...
Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential violations of federal and state laws by Navient Corporation (NAVI) and certain of its officers. Navient 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. Several years ago a securities class action complaint was filed alleging that during the Class Period, defendants materially misstated the Company's business metrics and financial prospects.
The number of people who've been financially derailed by the public service loan forgiveness program is piling up, and so are the borrowers interested in bringing their servicers to court to seek damages.
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]
Carla Leibold replaces Robert Wahlman, who had served as CFO since August 2013. In a statement, the bank said Wahlman is “leaving for personal reasons and to pursue other interests.”
A recent report found that Navient, one of the country's largest student loan servicing companies, allegedly steered tens of thousands of struggling borrowers into costly delays of their payments. It's an offer hard to refuse: a reprieve from your student loan bill. The Consumer Financial Protection Bureau alleges that Navient NAVI added more than $4 billion in interest to borrowers' debt through the misuse of forbearances between 2010 and 2015.
One of the nation's largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. The conclusions of the 2017 audit, which until now have been kept from the public and were obtained by The Associated Press, appear to support federal and state lawsuits that accuse Navient of boosting its profits by steering some borrowers into the high-cost plans without discussing options that would have been less costly in the long run. The education department has not shared the audit's findings with the plaintiffs in the lawsuits.