SLM Corp (SLM) Short Interest Up 6.4% in January

SLM Corp (NASDAQ:SLM) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 18,658,937 shares, an increase of 6.4% from the January 12th total of 17,532,953 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,692,641 shares, the short-interest ratio is presently 3.3 days.

SLM (NASDAQ SLM) traded up $0.16 during midday trading on Friday, reaching $11.28. The company had a trading volume of 2,672,252 shares, compared to its average volume of 5,181,120. The firm has a market capitalization of $4,790.00, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 0.53 and a beta of 1.33. SLM has a 1-year low of $9.65 and a 1-year high of $13.20. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 1.58.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $309.19 million during the quarter, compared to the consensus estimate of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same period in the prior year, the business posted $0.15 earnings per share. sell-side analysts anticipate that SLM will post 0.99 earnings per share for the current year.

Several research firms have weighed in on SLM. Zacks Investment Research upgraded SLM from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price target on shares of SLM in a research note on Friday, December 22nd. Citigroup initiated coverage on SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 price target for the company. BidaskClub cut SLM from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Finally, Oppenheimer set a $17.00 price target on SLM and gave the company a “buy” rating in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.18.

In other SLM news, EVP Laurent Charles Lutz sold 125,952 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $11.45, for a total transaction of $1,442,150.40. Following the completion of the sale, the executive vice president now directly owns 615,162 shares in the company, valued at $7,043,604.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Boyles sold 2,776 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the sale, the senior vice president now owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,323 shares of company stock valued at $4,317,997. 0.59% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its holdings in SLM by 5.9% during the 4th quarter. Amalgamated Bank now owns 87,103 shares of the credit services provider’s stock worth $984,000 after acquiring an additional 4,841 shares during the period. LMR Partners LLP grew its holdings in SLM by 36.6% during the 4th quarter. LMR Partners LLP now owns 23,202 shares of the credit services provider’s stock worth $262,000 after acquiring an additional 6,222 shares during the period. Tyers Asset Management LLC grew its holdings in SLM by 6.1% during the 4th quarter. Tyers Asset Management LLC now owns 118,468 shares of the credit services provider’s stock worth $1,339,000 after acquiring an additional 6,776 shares during the period. Aperio Group LLC grew its holdings in SLM by 3.9% during the 3rd quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock worth $2,157,000 after acquiring an additional 7,129 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in SLM by 2.1% during the 4th quarter. Mutual of America Capital Management LLC now owns 358,079 shares of the credit services provider’s stock worth $4,046,000 after acquiring an additional 7,528 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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SLM Company Profile

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

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