SLM Sees Unusually Large Options Volume (SLM)

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SLM Corp (NASDAQ:SLM) was the target of some unusual options trading on Thursday. Stock investors purchased 613 put options on the stock. This represents an increase of 1,035% compared to the typical volume of 54 put options.

A number of equities analysts have weighed in on the company. Wells Fargo & Co reduced their price target on SLM from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, December 12th. Zacks Investment Research reaffirmed a “buy” rating and set a $9.00 price target on shares of SLM in a research report on Monday, December 31st. Wedbush reaffirmed an “outperform” rating on shares of SLM in a research report on Tuesday, January 29th. BidaskClub downgraded SLM from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. Finally, TheStreet raised SLM from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. Two research analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.18.

In other SLM news, SVP Jonathan Boyles sold 68,000 shares of the company’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 transaction of $761,600.00. Following the completion of the transaction, the senior vice president now owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul F. Thome sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total value of $277,500.00. Following the transaction, 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 sold a total of 93,805 shares of company stock valued at $1,047,625 over the last quarter. 0.36% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Doyle Wealth Management bought a new stake in shares of SLM during the 4th quarter worth approximately $44,000. Pearl River Capital LLC bought a new stake in shares of SLM during the 4th quarter worth approximately $48,000. Quantamental Technologies LLC bought a new stake in shares of SLM during the 4th quarter worth approximately $65,000. Shufro Rose & Co. LLC bought a new stake in shares of SLM during the 4th quarter worth approximately $83,000. Finally, Parkside Financial Bank & Trust raised its stake 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 purchasing an additional 1,581 shares in the last quarter.

NASDAQ:SLM opened at $10.44 on Friday. SLM has a twelve month low of $7.95 and a twelve month high of $12.46. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.38 and a quick ratio of 1.38.

SLM (NASDAQ:SLM) last announced its quarterly earnings data on Wednesday, January 23rd. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. SLM had a return on equity of 20.05% and a net margin of 26.07%. The company had revenue of $382.87 million for the quarter, compared to analysts’ expectations of $367.40 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 23.8% compared to the same quarter last year. On average, sell-side analysts forecast that SLM will post 1.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, March 4th. SLM’s dividend payout ratio is currently 11.21%.

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About SLM

SLM Corp. engages in the origination, servicing, and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

Further Reading: Insider Trading – What You Need to Know

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