Fieldview Capital Management LLC Invests $1.40 Million in Nelnet, Inc. $NNI

Fieldview Capital Management LLC purchased a new position in shares of Nelnet, Inc. (NYSE:NNI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,523 shares of the credit services provider’s stock, valued at approximately $1,399,000.

Other hedge funds have also made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Nelnet during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its position in shares of Nelnet by 189.8% during the third quarter. Smartleaf Asset Management LLC now owns 368 shares of the credit services provider’s stock worth $46,000 after buying an additional 241 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Nelnet by 170.3% during the second quarter. Osaic Holdings Inc. now owns 373 shares of the credit services provider’s stock worth $45,000 after buying an additional 235 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Nelnet during the fourth quarter worth approximately $59,000. Finally, State of Wyoming acquired a new stake in shares of Nelnet during the second quarter worth approximately $62,000. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Stock Performance

Shares of NNI opened at $130.22 on Monday. Nelnet, Inc. has a 1 year low of $112.16 and a 1 year high of $144.38. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 11.34 and a beta of 0.79. The company has a debt-to-equity ratio of 2.14, a quick ratio of 24.07 and a current ratio of 24.07. The firm has a fifty day moving average of $132.29 and a 200-day moving average of $132.08.

Nelnet (NYSE:NNI) last announced its quarterly earnings results 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). Nelnet had a net margin of 18.45% and a return on equity of 11.73%. The firm had revenue of $419.06 million for the quarter, compared to analyst estimates of $443.84 million. As a group, equities analysts anticipate that Nelnet, Inc. will post 8.6 earnings per share for the current year.

Nelnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 1st. Nelnet’s payout ratio is currently 11.50%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, May 1st. Zacks Research downgraded shares of Nelnet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Nelnet presently has an average rating of “Hold” and an average price target of $140.00.

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.