Portolan Capital Management LLC Has Upped Its Slm Corporation (SLM) Position by $3.66 Million

May 16, 2018 - By Christine Reyes

SLM Corporation (NASDAQ:SLM) LogoInvestors sentiment decreased to 1.13 in 2017 Q4. Its down 0.07, from 1.2 in 2017Q3. It turned negative, as 28 investors sold SLM shares while 82 reduced holdings. 46 funds opened positions while 78 raised stakes. 422.29 million shares or 0.46% less from 424.24 million shares in 2017Q3 were reported. Ahl Partners Llp accumulated 40,737 shares. Lpl Fincl Ltd Co holds 0% or 40,239 shares. Invesco accumulated 12.89 million shares or 0.05% of the stock. Cwm Llc stated it has 0% in SLM Corporation (NASDAQ:SLM). Aqr Capital Lc holds 0.02% in SLM Corporation (NASDAQ:SLM) or 2.10M shares. Deutsche Financial Bank Ag reported 3.15M shares. World Asset Management accumulated 29,508 shares or 0.01% of the stock. Northern Trust reported 3.33M shares. Ameritas Inv Ptnrs holds 0.07% of its portfolio in SLM Corporation (NASDAQ:SLM) for 128,989 shares. California State Teachers Retirement Sys has invested 0.02% in SLM Corporation (NASDAQ:SLM). Texas-based Barrow Hanley Mewhinney Strauss Limited Company has invested 0.59% in SLM Corporation (NASDAQ:SLM). Citigroup has 0% invested in SLM Corporation (NASDAQ:SLM) for 334,406 shares. 123,696 were accumulated by Metropolitan Life Ins New York. Next Century Growth Ltd Liability Co holds 12,765 shares. Alyeska Inv Gp Ltd Partnership reported 0.23% stake.

Since January 24, 2018, it had 0 insider purchases, and 10 insider sales for $3.54 million activity. McGarry Steven also sold $160,788 worth of SLM Corporation (NASDAQ:SLM) shares. 125,952 shares were sold by Lutz Laurent Charles, worth $1.44M on Wednesday, January 24. The insider Thome Paul F sold $142,934. Another trade for 4,585 shares valued at $53,557 was made by Puleo Frank C on Monday, April 30. Boyles Jonathan also sold $707,270 worth of SLM Corporation (NASDAQ:SLM) shares. Shares for $423,854 were sold by Dale Jeffrey on Monday, March 5.

George Mccabe increased its stake in Slm Corporation (SLM) by 14.68% based on its latest 2017Q4 regulatory filing with the SEC. Portolan Capital Management Llc bought 333,032 shares as the company’s stock declined 7.06% with the market. The hedge fund run by George Mccabe held 2.60M shares of the consumer services company at the end of 2017Q4, valued at $29.39 million, up from 2.27 million at the end of the previous reported quarter. Portolan Capital Management Llc who had been investing in Slm Corporation for a number of months, seems to be bullish on the $5.03B market cap company. The stock increased 0.17% or $0.02 during the last trading session, reaching $11.56. About 3.09M shares traded. SLM Corporation (NASDAQ:SLM) has declined 8.86% since May 16, 2017 and is downtrending. It has underperformed by 20.41% the S&P500.

Portolan Capital Management Llc, which manages about $535.17M and $913.15 million US Long portfolio, decreased its stake in Devon Energy Corporation (NYSE:DVN) by 103,330 shares to 208,350 shares, valued at $8.63M in 2017Q4, according to the filing. It also reduced its holding in Callidus Software Inc. (NASDAQ:CALD) by 240,285 shares in the quarter, leaving it with 737,068 shares, and cut its stake in Casella Waste Systems Inc. (NASDAQ:CWST).

More news for SLM Corporation (NASDAQ:SLM) were recently published by: Streetinsider.com, which released: “ValueAct’s 13F Shows New Stake in SLM Corp (SLM), Confirms Increase in Citi (C), Exits Microsoft (MSFT) (more…)” on May 15, 2018. Investorplace.com‘s article titled: “3 Stocks to Watch on Tuesday: Apple Inc. (AAPL), Cadence Design Systems Inc (CDNS) and SLM (SLM)” and published on April 24, 2018 is yet another important article.

SLM Corporation (NASDAQ:SLM) Ratings Coverage

Among 6 analysts covering SLM Corporation (NASDAQ:SLM), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. SLM Corporation had 9 analyst reports since December 21, 2017 according to SRatingsIntel. The company was maintained on Wednesday, January 10 by Jefferies. As per Thursday, January 18, the company rating was maintained by BMO Capital Markets. The stock of SLM Corporation (NASDAQ:SLM) has “Buy” rating given on Monday, January 8 by Oppenheimer. The rating was maintained by Oppenheimer with “Buy” on Thursday, April 12. BMO Capital Markets maintained SLM Corporation (NASDAQ:SLM) rating on Tuesday, April 24. BMO Capital Markets has “Hold” rating and $1400 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $16.0 target in Thursday, December 21 report. The firm earned “Hold” rating on Thursday, January 4 by BMO Capital Markets.

SLM Corporation (NASDAQ:SLM) Institutional Positions Chart

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