SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,300 shares, a decline of 42.4% from the December 15th total of 9,200 shares. Based on an average daily volume of 11,500 shares, the short-interest ratio is currently 0.5 days.

SLM Stock Up 0.2 %

SLMBP traded up $0.11 during midday trading on Thursday, hitting $73.30. The company’s stock had a trading volume of 1,927 shares, compared to its average volume of 5,163. SLM has a 52-week low of $69.01 and a 52-week high of $80.67. The firm has a 50-day moving average price of $74.21 and a two-hundred day moving average price of $75.16.

SLM Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were issued a $1.7449 dividend. The ex-dividend date was Thursday, December 5th. This represents a $6.98 dividend on an annualized basis and a yield of 9.52%.

Hedge Funds Weigh In On SLM

An institutional investor recently raised its position in SLM stock. Shikiar Asset Management Inc. grew its position in SLM Co. (NASDAQ:SLMBP) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,093 shares of the company’s stock after purchasing an additional 3,850 shares during the period. SLM makes up approximately 2.3% of Shikiar Asset Management Inc.’s holdings, making the stock its 13th largest holding. Shikiar Asset Management Inc.’s holdings in SLM were worth $8,739,000 at the end of the most recent quarter.

About SLM

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.