11.75 -0.91 (-7.19%)
After hours: 6:02PM EST
|Bid||11.80 x 1000|
|Ask||12.00 x 1000|
|Day's Range||12.55 - 12.85|
|52 Week Range||8.23 - 15.02|
|Beta (3Y Monthly)||2.27|
|PE Ratio (TTM)||8.50|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||0.64 (5.51%)|
|1y Target Est||15.22|
Check out the companies making headlines after the bell:Avis Budget CAR shares soared nearly 11 percent after hours Wednesday following the release of the rental car company's fourth-quarter earnings beat.
LOS ANGELES , Feb. 20, 2019 /PRNewswire/ -- Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today announced that it has withdrawn its February 15, 2019 initial ...
Stocks that moved substantially or traded heavily on Tuesday: Walmart Inc., up $2.21 to $102.20 The giant retailer's earnings beat analysts' forecasts as online sales grew, as did its grocery pickup and ...
The alternative asset manager, whose $12.50-a-share bid was less than the $14 to $15 a share it had been expected to offer and was rejected, said Tuesday that it had “room to raise our price.” The earlier offer, rejected in a letter and press release Monday, represented a 23 percent premium over Navient’s average price during a two-month period, Canyon said. “While Canyon’s bankers initially were hopeful that an offer could be made at $14 to $15 a share, our due diligence raised material questions as to whether that would be justified,” Canyon said in a letter to Navient’s board dated Tuesday. Navient rose as much as 10 percent Tuesday, the biggest gain since November 2016.
The offer was rejected as being significantly below expectation and not enough information about future plans was provided. Canyon Capital Advisors said it was “surprised and frankly confused” by the company response.
Check out the companies making headlines midday Tuesday:Walmart WMT — Walmart shares gained more than 2 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter.
The board of Navient voted Monday to turn down the proposal of $12.50 a share from hedge fund Canyon Capital Advisors LLC and private-equity firm Platinum Equity Advisors LLC, The Wall Street Journal reported Monday. Navient issued a confirmation. "Navient's Board, in consultation with its financial and legal advisors, has carefully reviewed the expression of interest and unanimously determined that it substantially undervalues the Company and is not in the best interests of Navient or its stockholders.
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.
Investing.com - Student-loan giant Navient rallied Tuesday after Canyon Capital Advisors and Platform Equity Advisors hinted at making an improved offer after an initial $3.1 billion bid was rejected.
The retailer earned an adjusted $1.41 per share for the fourth quarter, beating estimates by 8 cents a share. Revenue also beat Wall Street forecasts. U.S. comparable-store sales rose 4.2 percent, topping the Refinitiv consensus of a 3.2 percent increase.
Navient Corporation (NAVI) rejects $3.2-billion (2.47 billion pounds) takeover bid offered by hedge fund Canyon Capital Advisors LLC and private-equity firm Platinum Equity Advisors LLC.
Navient Corp. has received a buyout offer worth about $3.2 billion from a pair of investors that the student-loan servicer rejected as too low. Navient’s board said Monday that it voted to turn down the $12.50-a-share proposal from hedge fund Canyon Capital Advisors LLC and private-equity firm Platinum Equity Advisors LLC, believing it undervalues the company and is lacking in other ways. The offer represents a 6.6% premium over Navient’s most recent closing price Friday of $11.73 a share.
By Liana B. Baker (Reuters) - Student-loan servicer Navient Corp has rejected a $3.2 billion (2.47 billion pounds) takeover bid from two investors as it believes the offer undervalues the company. Navient’s ...
Navient (NAVI) today announced that it has received a highly conditional unsolicited “expression of interest” from Canyon Capital Advisors LLC (“Canyon”) and Platinum Equity Advisors, LLC (“Platinum”) to acquire the Company for $12.50 per share in cash, which represents a premium of only 6.6% over Navient’s most recent closing price on February 15, 2019 of $11.73 per share and a discount of 2.8% to the one-year volume-weighted average price of $12.86 per share. Navient’s Board, in consultation with its financial and legal advisors, has carefully reviewed the expression of interest and unanimously determined that it substantially undervalues the Company and is not in the best interests of Navient or its stockholders. Therefore, Navient’s Board rejected the expression of interest.
WASHINGTON—Many Americans with student debt have received bad or inadequate advice from customer-service agents for the federal loan program, possibly contributing to a rise in defaults, a government report said Thursday. The Education Department’s inspector general faulted department leaders for being too lax in regulating the industry that collects student-loan payments for the government. The industry includes 15 firms, known as servicers, which have worked under federal contracts in recent years to deal directly with the roughly 43 million Americans who owe $1.44 trillion in federal student loans.
WILMINGTON, Del., Feb. 06, 2019 -- Navient (Nasdaq: NAVI), a leading asset management and business processing services company, today announced that its board of directors.
WILKES-BARRE, Pa., Feb. 05, 2019 (GLOBE NEWSWIRE) -- Navient, a leading asset management and business processing services company, honored Lori Ellis with the company’s Solutions Navigator Award. Ellis, a process engineer, was recognized for spearheading innovative tools to support the company’s continuing journey of customer communications improvement. The quarterly award recognizes one employee who demonstrates one or more of Navient's core values: customer-centricity, proactivity, leadership, stability, integrity and innovation.
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.
WILMINGTON, Del., Jan. 31, 2019 -- Navient (Nasdaq: NAVI), a leading asset management and business processing services company, announced today that President and CEO Jack.
Christopher D’Angelo, an associate director of the CFPB’s Supervision, Enforcement and Fair Lending division, will become chief deputy attorney general for economic justice starting in February, Attorney General Letitia James’s office said Thursday. D’Angelo, 39, will be responsible for oversight of New York’s biggest banks and financial institutions, as well as investor protection, antitrust and cases stemming from the state’s powerful Martin Act.
Join a community of runners and walkers in North Eastern Pennsylvania as they support the Hanover Township Fire Department. “The Hanover Area Fire District can’t offer enough appreciation for the thoughtfulness that Navient offers our department,” said Joseph Temerantz, department chief, Hanover Township Fire Department. Without the support of Navient, how we operate would be different and we would not be able to focus on our task at hand.