Brinker Capital Inc. Buys 6,741 Shares of SLM Corp (NASDAQ:SLM)

Brinker Capital Inc. increased its holdings in shares of SLM Corp (NASDAQ:SLM) by 41.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,130 shares of the credit services provider’s stock after buying an additional 6,741 shares during the quarter. Brinker Capital Inc.’s holdings in SLM were worth $192,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its position in shares of SLM by 18.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,136 shares of the credit services provider’s stock worth $84,000 after buying an additional 1,581 shares during the last quarter. ETF Managers Group LLC raised its position in SLM by 17.8% in the fourth quarter. ETF Managers Group LLC now owns 11,834 shares of the credit services provider’s stock valued at $98,000 after purchasing an additional 1,788 shares during the last quarter. Retirement Systems of Alabama raised its position in SLM by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 564,857 shares of the credit services provider’s stock valued at $4,694,000 after purchasing an additional 2,210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SLM by 8.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,021 shares of the credit services provider’s stock valued at $249,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Virtu Financial LLC raised its position in SLM by 22.1% in the fourth quarter. Virtu Financial LLC now owns 12,450 shares of the credit services provider’s stock valued at $103,000 after purchasing an additional 2,257 shares during the last quarter.

Several equities analysts have commented on SLM shares. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research reiterated a “buy” rating and issued a $9.00 target price on shares of SLM in a research report on Monday, December 31st. TheStreet downgraded SLM from a “b” rating to a “c+” rating in a research report on Thursday, January 10th. ValuEngine upgraded SLM from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, BMO Capital Markets upgraded SLM from a “market perform” rating to an “outperform” rating in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.18.

In other SLM news, SVP Jonathan Boyles sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $11.20, for a total value of $761,600.00. Following the completion of the sale, the senior vice president now owns 67,679 shares of the company’s stock, valued at $758,004.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul F. Thome sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total value of $277,500.00. Following the completion of the sale, the executive vice president now directly owns 208,049 shares of the company’s stock, valued at approximately $2,309,343.90. The disclosure for this sale can be found here. Insiders have sold 93,805 shares of company stock valued at $1,047,625 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Shares of SLM traded down $0.17 during mid-day trading on Friday, reaching $9.90. 7,150,874 shares of the company were exchanged, compared to its average volume of 3,068,396. SLM Corp has a 52 week low of $7.95 and a 52 week high of $12.46. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. SLM had a return on equity of 20.28% and a net margin of 25.77%. The company had revenue of $402.28 million during the quarter, compared to the consensus estimate of $384.70 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that SLM Corp will post 1.25 EPS for the current year.

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About SLM

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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