Nelnet, Inc. $NNI Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE lowered its stake in shares of Nelnet, Inc. (NYSE:NNI) by 34.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,142 shares of the credit services provider’s stock after selling 34,776 shares during the period. Nelnet comprises 2.6% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 16th largest holding. Lawson Kroeker Investment Management Inc. NE owned 0.18% of Nelnet worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in shares of Nelnet by 170.3% during the 2nd quarter. Osaic Holdings Inc. now owns 373 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 235 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Nelnet by 189.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 368 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 241 shares in the last quarter. State of Wyoming acquired a new stake in shares of Nelnet in the 2nd quarter worth approximately $62,000. EverSource Wealth Advisors LLC grew its holdings in shares of Nelnet by 137.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 541 shares of the credit services provider’s stock worth $66,000 after acquiring an additional 313 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Nelnet in the 3rd quarter valued at approximately $86,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Nelnet Stock Down 0.4%

Shares of NYSE NNI opened at $128.96 on Friday. The firm’s 50-day moving average is $130.32 and its two-hundred day moving average is $130.72. The company has a market capitalization of $4.63 billion, a PE ratio of 10.96 and a beta of 0.81. Nelnet, Inc. has a 12-month low of $98.15 and a 12-month high of $142.87. The company has a debt-to-equity ratio of 2.18, a current ratio of 28.27 and a quick ratio of 28.27.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Thursday, February 26th. The credit services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). Nelnet had a return on equity of 12.43% and a net margin of 18.99%.The business had revenue of $392.76 million for the quarter, compared to analysts’ expectations of $382.00 million. Equities analysts anticipate that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.32 annualized dividend and a yield of 1.0%. Nelnet’s dividend payout ratio (DPR) is presently 11.21%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NNI shares. Zacks Research raised Nelnet from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. TD Cowen reissued a “hold” rating on shares of Nelnet in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Nelnet Profile

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.