SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 5,900 shares, a drop of 11.9% from the January 31st total of 6,700 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of SLM

An institutional investor recently raised its position in SLM stock. Shikiar Asset Management Inc. boosted its stake in SLM Co. (NASDAQ:SLMBP) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,093 shares of the company’s stock after acquiring an additional 3,850 shares during the period. SLM accounts for about 2.3% of Shikiar Asset Management Inc.’s holdings, making the stock its 13th biggest position. Shikiar Asset Management Inc.’s holdings in SLM were worth $8,739,000 as of its most recent filing with the SEC.

SLM Stock Up 0.1 %

Shares of SLMBP stock opened at $74.62 on Friday. SLM has a 52 week low of $72.21 and a 52 week high of $80.67. The firm’s 50-day simple moving average is $74.71 and its two-hundred day simple moving average is $74.83.

SLM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given a $1.5951 dividend. This represents a $6.38 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Wednesday, March 5th.

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.