Angie Muhleisen Sells 2,000 Shares of Nelnet, Inc. (NNI) Stock

Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction on Friday, October 20th. The stock was sold at an average price of $57.54, for a total value of $115,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Angie Muhleisen also recently made the following trade(s):

  • On Tuesday, September 19th, Angie Muhleisen sold 2,000 shares of Nelnet stock. The stock was sold at an average price of $48.38, for a total value of $96,760.00.
  • On Friday, August 18th, Angie Muhleisen sold 2,000 shares of Nelnet stock. The stock was sold at an average price of $45.34, for a total value of $90,680.00.

Shares of Nelnet, Inc. (NYSE:NNI) opened at 58.41 on Wednesday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 9.47 and a beta of 1.00. The firm has a 50 day moving average price of $50.71 and a 200-day moving average price of $46.68. Nelnet, Inc. has a 12-month low of $37.86 and a 12-month high of $59.68.

Nelnet (NYSE:NNI) last released its earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. Nelnet had a return on equity of 9.65% and a net margin of 20.19%. The firm had revenue of $161.70 million for the quarter, compared to the consensus estimate of $182.02 million. During the same period in the prior year, the firm earned $1.13 EPS. On average, equities analysts expect that Nelnet, Inc. will post $4.47 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNI. Bank of New York Mellon Corp increased its position in shares of Nelnet by 66.6% in the 1st quarter. Bank of New York Mellon Corp now owns 290,238 shares of the credit services provider’s stock valued at $12,730,000 after acquiring an additional 116,060 shares during the period. Vanguard Group Inc. increased its position in shares of Nelnet by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,087,767 shares of the credit services provider’s stock valued at $98,146,000 after acquiring an additional 69,695 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Nelnet by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,235,079 shares of the credit services provider’s stock valued at $98,030,000 after acquiring an additional 66,941 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Nelnet by 48.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 183,193 shares of the credit services provider’s stock valued at $8,035,000 after acquiring an additional 59,468 shares during the period. Finally, Shell Asset Management Co. increased its position in shares of Nelnet by 112.2% in the 3rd quarter. Shell Asset Management Co. now owns 98,947 shares of the credit services provider’s stock valued at $4,264,000 after acquiring an additional 52,313 shares during the period. 40.84% of the stock is currently owned by hedge funds and other institutional investors.

NNI has been the subject of a number of research analyst reports. TheStreet raised Nelnet from a “d+” rating to a “c” rating in a report on Tuesday, August 8th. Credit Suisse Group lifted their target price on Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. BidaskClub lowered Nelnet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Compass Point lowered Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Wednesday, August 9th.

About Nelnet

Nelnet, Inc focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company’s segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.

Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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