Gator Capital Management LLC Invests $1.62 Million in SLM Corp (NASDAQ:SLM)

Gator Capital Management LLC bought a new position in SLM Corp (NASDAQ:SLM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 143,499 shares of the credit services provider’s stock, valued at approximately $1,622,000. SLM makes up about 1.6% of Gator Capital Management LLC’s holdings, making the stock its 21st biggest holding.

Several other hedge funds also recently added to or reduced their stakes in SLM. Steward Partners Investment Advisory LLC bought a new position in shares of SLM in the third quarter worth about $115,000. Cerebellum GP LLC purchased a new stake in SLM in the fourth quarter worth about $127,000. LMR Partners LLP lifted its stake in SLM by 36.6% in the fourth 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in SLM by 47.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,201 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 7,802 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in SLM in the fourth quarter worth about $289,000. 99.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SLM Corp (NASDAQ:SLM) traded down $0.03 during midday trading on Friday, hitting $10.67. 4,737,426 shares of the stock were exchanged, compared to its average volume of 5,629,159. SLM Corp has a twelve month low of $9.65 and a twelve month high of $13.20. The firm has a market cap of $4,608.27, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. 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 announced its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $309.19 million for the quarter, compared to analyst estimates of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same quarter last year, the firm posted $0.15 EPS. equities analysts forecast that SLM Corp will post 0.99 EPS for the current year.

A number of analysts recently weighed in on SLM shares. FBR & Co set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a research note on Thursday, October 19th. BidaskClub raised shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. B. Riley restated a “buy” rating and set a $13.00 price objective (down previously from $14.00) on shares of SLM in a report on Thursday, January 18th. Finally, Bank of America cut their price objective on shares of SLM from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $14.18.

In other news, CEO Raymond J. Quinlan sold 200,000 shares of SLM stock in a transaction on Friday, December 1st. The stock was sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the transaction, the chief executive officer now owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan Boyles sold 2,776 shares of SLM 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 transaction, the senior vice president now owns 173,728 shares in the company, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. Insiders sold a total of 375,323 shares of company stock worth $4,317,997 in the last 90 days. 0.59% of the stock is currently owned by insiders.

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About SLM

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.

Institutional Ownership by Quarter for SLM (NASDAQ:SLM)

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