GSA Capital Partners LLP Buys 80,689 Shares of SLM Corp (NASDAQ:SLM)

GSA Capital Partners LLP grew its stake in shares of SLM Corp (NASDAQ:SLM) by 105.9% in the second quarter, HoldingsChannel.com reports. The fund owned 156,903 shares of the credit services provider’s stock after acquiring an additional 80,689 shares during the quarter. GSA Capital Partners LLP’s holdings in SLM were worth $1,525,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in SLM by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock valued at $38,826,000 after purchasing an additional 307,406 shares during the period. Oppenheimer & Co. Inc. grew its holdings in SLM by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 19,230 shares of the credit services provider’s stock valued at $191,000 after purchasing an additional 1,048 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in SLM in the first quarter valued at approximately $248,000. BNP Paribas Arbitrage SA grew its holdings in SLM by 13,377.2% in the first quarter. BNP Paribas Arbitrage SA now owns 983,024 shares of the credit services provider’s stock valued at $9,742,000 after purchasing an additional 975,730 shares during the period. Finally, Bank of Montreal Can grew its holdings in SLM by 0.4% in the first quarter. Bank of Montreal Can now owns 749,349 shares of the credit services provider’s stock valued at $7,426,000 after purchasing an additional 2,884 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

SLM traded down $0.11 during trading on Friday, hitting $8.19. 2,540,466 shares of the company’s stock were exchanged, compared to its average volume of 3,278,431. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.80. SLM Corp has a 1 year low of $7.76 and a 1 year high of $12.09. The stock has a 50 day moving average price of $8.99 and a 200 day moving average price of $9.91. The firm has a market cap of $3.54 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41.

SLM (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. SLM had a net margin of 26.18% and a return on equity of 20.44%. The company had revenue of $396.87 million during the quarter, compared to the consensus estimate of $401.69 million. During the same period in the previous year, the firm earned $0.25 earnings per share. Analysts forecast that SLM Corp will post 1.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.12 annualized dividend and a yield of 1.47%. SLM’s dividend payout ratio is currently 11.21%.

A number of equities research analysts recently issued reports on SLM shares. ValuEngine upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 14th. BMO Capital Markets set a $16.00 target price on shares of SLM and gave the company a “buy” rating in a report on Friday, July 26th. Compass Point downgraded shares of SLM from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, Oppenheimer set a $12.00 price objective on shares of SLM and gave the stock a “buy” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. SLM has an average rating of “Hold” and a consensus target price of $12.83.

SLM 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.

Read More: What is a Buy-Side Analyst?

Want to see what other hedge funds are holding SLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLM Corp (NASDAQ:SLM).

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.