Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Sherborne Investors Master GP, LLCOwnership Type:Indirect OwnershipSecurities:Common stock, par value $.01 per share (the "Common Stock")Nature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Feb 28, 2024 (filed on Mar 01, 2024)Insider Name:Kane John MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-9,479Price:$15.75
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Feb 28, 2024 (filed on Mar 01, 2024)Insider Name:Heleen Mark LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-7,414Price:$15.75
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Heleen Mark LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:29,803Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Heleen Mark LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:26,250Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Kane John MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:38,569Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Kane John MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:33,971Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Hauber Stephen MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:21,037Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Hauber Stephen MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:18,529Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Fisher JoeOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:43,828Price:--
Filings by filing date
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Feb 28, 2024 (filed on Mar 01, 2024)Insider Name:Kane John MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-9,479Price:$15.75
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Feb 28, 2024 (filed on Mar 01, 2024)Insider Name:Heleen Mark LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-7,414Price:$15.75
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Mar 01, 2024 (filed on Mar 01, 2024)Insider Name:Sherborne Investors Master GP, LLCOwnership Type:Indirect OwnershipSecurities:Common stock, par value $.01 per share (the "Common Stock")Nature of Transaction:Form 3 : Initial Statement of Beneficial Ownership of Securities# or value acquired/disposed of:--Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Heleen Mark LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:29,803Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Heleen Mark LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:26,250Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Kane John MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:38,569Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Kane John MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:33,971Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Hauber Stephen MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:21,037Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Hauber Stephen MOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:18,529Price:--
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Feb 09, 2024 (filed on Feb 13, 2024)Insider Name:Fisher JoeOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:43,828Price:--
News
Biz Brief
Sector: Financials | Industry: Consumer Lending |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 13865 SUNRISE VALLEY DRIVE HERNDON VA 20171 |
Tel: | N/A |
Website: | https://www.navient.com |
IR: | See website |
Key People | ||
David L. Yowan President, Chief Executive Officer, Director | Joe Fisher Chief Financial Officer, Principal Accounting Officer | John M. Kane Group President - Business Processing Solutions |
Steve Hauber Chief Compliance Officer, Chief Risk Officer | Mark L. Heleen Chief Legal Officer, Secretary |
Business Overview |
Navient Corporation provides technology-enabled education finance and business processing solutions. The Company operates through three segments: Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, it owns Federal Family Education Loan Program (FFELP) loans and performs servicing on this portfolio. It also service FFELP Loans owned by other institutions. In the Consumer Lending segment, it owns originates and services in-school and refinance Private Education Loans. In the Business Processing segment, it provides business processing solutions, such as omnichannel contact center services, workflow processing, and revenue cycle optimization. It offers solutions to federal agencies, state governments, tolling and parking authorities, and other public sector clients. The Company's clients include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers and public health departments. |
Financial Overview |
For the three months ended 31 March 2024, Navient Corp revenues decreased 25% to $229M. Net income decreased 34% to $73M. Revenues reflect Total interest expense decrease of 5% to -$875M, FFELP Loans decrease of 5% to $661M, Private Education Loans decrease of 5% to $328M. Net income also reflects Total operating expenses increase from $80M to $183M (expense), provisions for loan losses increase from $14M (income) to $12M (expense). |
Employees: | 4,500 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $56,255M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,107M as of Mar 31, 2024 |
EBITDA (TTM): | $248.00M as of Mar 31, 2024 |
Net annual income (TTM): | $190.00M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $54,452M as of Mar 31, 2024 |
Shares outstanding: | 112,000,000 as of Mar 31, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |