Short Interest in SLM Co. (NASDAQ:SLMBP) Decreases By 97.5%

SLM Co. (NASDAQ:SLMBPGet Free Report) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 300 shares, a decline of 97.5% from the January 31st total of 12,200 shares. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On SLM

A hedge fund recently raised its stake in SLM stock. Shikiar Asset Management Inc. raised its position in SLM Co. (NASDAQ:SLMBPFree Report) by 298.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,943 shares of the company’s stock after acquiring an additional 78,600 shares during the quarter. SLM makes up approximately 2.2% of Shikiar Asset Management Inc.’s portfolio, making the stock its 16th biggest position. Shikiar Asset Management Inc.’s holdings in SLM were worth $6,942,000 at the end of the most recent quarter.

SLM Stock Down 0.3 %

SLMBP traded down $0.25 on Wednesday, hitting $72.76. The company had a trading volume of 66,956 shares, compared to its average volume of 18,566. SLM has a 1 year low of $53.20 and a 1 year high of $74.64. The company’s fifty day moving average price is $70.18 and its 200 day moving average price is $66.48.

SLM Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be given a $1.8552 dividend. This represents a $7.42 annualized dividend and a yield of 10.20%. The ex-dividend date is Friday, March 1st.

About SLM

(Get Free Report)

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 also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.

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