Nelnet, Inc. $NNI Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Nelnet, Inc. (NYSE:NNI) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,886,701 shares of the credit services provider’s stock after selling 41,223 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Nelnet worth $236,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NNI. Tower Research Capital LLC TRC increased its stake in Nelnet by 6.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,353 shares of the credit services provider’s stock valued at $164,000 after buying an additional 83 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Nelnet by 5.1% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 2,050 shares of the credit services provider’s stock worth $257,000 after acquiring an additional 99 shares during the period. Anchor Capital Advisors LLC boosted its holdings in shares of Nelnet by 1.3% in the third quarter. Anchor Capital Advisors LLC now owns 13,037 shares of the credit services provider’s stock valued at $1,635,000 after acquiring an additional 166 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Nelnet by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 2,825 shares of the credit services provider’s stock valued at $342,000 after acquiring an additional 180 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Nelnet by 1.4% during the second quarter. California State Teachers Retirement System now owns 12,992 shares of the credit services provider’s stock worth $1,574,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 33.51% of the company’s stock.

Insider Buying and Selling at Nelnet

In related news, Director Deun Jona M. Van sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $128.95, for a total value of $51,580.00. Following the completion of the transaction, the director directly owned 704 shares of the company’s stock, valued at $90,780.80. This trade represents a 36.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 50.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NNI shares. TD Cowen reissued a “hold” rating on shares of Nelnet in a report on Thursday, January 8th. Wall Street Zen lowered Nelnet from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Zacks Research upgraded Nelnet from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Nelnet currently has an average rating of “Moderate Buy” and an average price target of $140.00.

Nelnet Stock Performance

NYSE:NNI opened at $130.70 on Friday. The firm’s fifty day simple moving average is $132.37 and its 200-day simple moving average is $130.49. The company has a quick ratio of 28.98, a current ratio of 28.27 and a debt-to-equity ratio of 2.18. The stock has a market cap of $4.70 billion, a PE ratio of 11.10 and a beta of 0.82. Nelnet, Inc. has a fifty-two week low of $98.15 and a fifty-two week high of $142.87.

Nelnet (NYSE:NNI) last announced its quarterly earnings data on Thursday, February 26th. The credit services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). The company had revenue of $390.43 million during the quarter, compared to analyst estimates of $382.00 million. Nelnet had a net margin of 18.99% and a return on equity of 12.43%. Analysts expect that Nelnet, Inc. will post 4.52 earnings per share for the current fiscal year.

Nelnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.33 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. Nelnet’s dividend payout ratio is currently 11.21%.

About Nelnet

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.