Northpointe Capital LLC Invests $2.71 Million in SLM Corp (SLM)

Northpointe Capital LLC purchased a new stake in shares of SLM Corp (NASDAQ:SLM) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 273,237 shares of the credit services provider’s stock, valued at approximately $2,708,000. Northpointe Capital LLC owned approximately 0.06% of SLM at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in SLM in the third quarter worth $114,000. Dimensional Fund Advisors LP grew its position in SLM by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,986,056 shares of the credit services provider’s stock worth $55,599,000 after acquiring an additional 54,765 shares in the last quarter. GSA Capital Partners LLP purchased a new position in SLM in the third quarter worth $378,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in SLM in the third quarter worth $215,000. Finally, Jane Street Group LLC purchased a new position in SLM in the third quarter worth $146,000.

Several analysts have weighed in on SLM shares. Zacks Investment Research reissued a “buy” rating and issued a $9.00 price target on shares of SLM in a research note on Monday, December 31st. BidaskClub raised shares of SLM from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th. ValuEngine downgraded shares of SLM from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Wedbush reissued an “outperform” rating on shares of SLM in a research note on Tuesday, January 29th. Finally, TheStreet downgraded shares of SLM from a “b” rating to a “c+” rating in a research note on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. SLM has an average rating of “Hold” and a consensus target price of $13.18.

SLM stock traded up $0.02 during mid-day trading on Wednesday, hitting $10.24. The company’s stock had a trading volume of 116,543 shares, compared to its average volume of 2,827,320. The company has a market capitalization of $4.46 billion, a PE ratio of 9.55, a P/E/G ratio of 0.42 and a beta of 1.48. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.67. SLM Corp has a 12 month low of $7.95 and a 12 month high of $12.46.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, January 23rd. The credit services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $382.87 million during the quarter, compared to the consensus estimate of $367.40 million. SLM had a net margin of 26.07% and a return on equity of 20.05%. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, equities analysts expect that SLM Corp will post 1.25 earnings per share for the current fiscal year.

In other news, EVP Paul F. Thome sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total transaction of $277,500.00. Following the completion of the transaction, the executive vice president now directly owns 208,049 shares of the company’s stock, valued at $2,309,343.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Boyles sold 68,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the transaction, the senior vice president now directly owns 67,679 shares of the company’s stock, valued at $758,004.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,805 shares of company stock valued at $1,047,625. Insiders own 0.36% of the company’s stock.

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SLM Company Profile

SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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