SLM Co. (NASDAQ:SLMBP) Short Interest Update

SLM Co. (NASDAQ:SLMBP) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 6,700 shares, a growth of 24.1% from the January 15th total of 5,400 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of SLM

A hedge fund recently raised its stake in SLM stock. Shikiar Asset Management Inc. grew its stake in shares of SLM Co. (NASDAQ:SLMBP) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,093 shares of the company’s stock after buying an additional 3,850 shares during the period. SLM accounts for approximately 2.3% of Shikiar Asset Management Inc.’s portfolio, 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 reporting period.

SLM Stock Performance

Shares of SLMBP traded down $0.34 during mid-day trading on Friday, hitting $75.27. The stock had a trading volume of 11,013 shares, compared to its average volume of 5,234. SLM has a 52 week low of $71.51 and a 52 week high of $80.67. The business has a fifty day moving average price of $74.28 and a 200-day moving average price of $74.90.

SLM Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a $1.5951 dividend. This represents a $6.38 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend is Wednesday, March 5th.

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.