Nelnet, Inc. $NNI Shares Purchased by Denali Advisors LLC

Denali Advisors LLC lifted its holdings in Nelnet, Inc. (NYSE:NNI) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,600 shares of the credit services provider’s stock after acquiring an additional 5,600 shares during the quarter. Denali Advisors LLC’s holdings in Nelnet were worth $5,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Nelnet by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 185,029 shares of the credit services provider’s stock valued at $23,199,000 after buying an additional 12,941 shares during the period. SG Americas Securities LLC acquired a new stake in Nelnet during the fourth quarter valued at $1,594,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Nelnet during the third quarter valued at $1,505,000. American Century Companies Inc. grew its position in Nelnet by 28.9% during the third quarter. American Century Companies Inc. now owns 184,316 shares of the credit services provider’s stock valued at $23,110,000 after buying an additional 41,302 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in Nelnet by 41.5% during the third quarter. Tudor Investment Corp ET AL now owns 14,567 shares of the credit services provider’s stock valued at $1,826,000 after buying an additional 4,269 shares during the period. Institutional investors and hedge funds own 33.51% of the company’s stock.

Analyst Ratings Changes

NNI has been the topic of several analyst reports. Weiss Ratings upgraded shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Zacks Research lowered shares of Nelnet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.00.

Nelnet Stock Performance

NNI opened at $122.07 on Friday. The company has a quick ratio of 28.27, a current ratio of 28.27 and a debt-to-equity ratio of 2.18. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 10.63 and a beta of 0.83. Nelnet, Inc. has a 52-week low of $107.45 and a 52-week high of $144.38. The firm’s fifty day simple moving average is $133.31 and its two-hundred day simple moving average is $132.34.

Nelnet (NYSE:NNI) last posted its quarterly earnings data on Thursday, May 7th. The credit services provider reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.72). The company had revenue of $419.06 million for the quarter, compared to analysts’ expectations of $443.84 million. Nelnet had a net margin of 18.45% and a return on equity of 11.78%. Equities analysts anticipate that Nelnet, Inc. will post 9.2 earnings per share for the current fiscal year.

Nelnet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.33 per share. The ex-dividend date is Monday, June 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. Nelnet’s dividend payout ratio (DPR) is currently 11.21%.

Nelnet Company 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.