SLM Co. (NASDAQ:SLMBP) Short Interest Down 55.6% in March

SLM Co. (NASDAQ:SLMBP) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a decline of 55.6% from the March 15th total of 900 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 0.0 days.

SLM Stock Down 0.2 %

Shares of NASDAQ:SLMBP traded down $0.17 during trading on Friday, hitting $75.13. 1,021 shares of the company were exchanged, compared to its average volume of 15,581. SLM has a fifty-two week low of $53.20 and a fifty-two week high of $78.00. The firm has a fifty day moving average price of $73.55 and a two-hundred day moving average price of $69.31.

SLM Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $1.8552 per share. This represents a $7.42 annualized dividend and a dividend yield of 9.88%. The ex-dividend date was Friday, March 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SLM stock. Shikiar Asset Management Inc. bought a new position in shares of SLM Co. (NASDAQ:SLMBP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,343 shares of the company’s stock, valued at approximately $1,626,000.

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.