SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 7,300 shares, a growth of 23.7% from the February 13th total of 5,900 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On SLM

An institutional investor recently raised its position in SLM stock. Shikiar Asset Management Inc. lifted its holdings in shares of SLM Co. (NASDAQ:SLMBP) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,093 shares of the company’s stock after buying an additional 3,850 shares during the period. SLM comprises 2.3% of Shikiar Asset Management Inc.’s holdings, making the stock its 13th largest position. Shikiar Asset Management Inc.’s holdings in SLM were worth $8,739,000 as of its most recent SEC filing.

SLM Stock Up 0.2 %

SLMBP opened at $75.14 on Thursday. SLM has a 12 month low of $72.60 and a 12 month high of $80.67. The firm’s fifty day simple moving average is $74.85 and its 200 day simple moving average is $74.71.

SLM Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a dividend of $1.5951 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $6.38 annualized dividend and a dividend yield of 8.49%.

SLM Company Profile

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.