Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction on Monday, February 26th. The shares were sold at an average price of $52.05, for a total value of $104,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large 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, January 23rd, Angie Muhleisen sold 2,000 shares of Nelnet stock. The shares were sold at an average price of $52.56, for a total value of $105,120.00.
- On Friday, December 22nd, Angie Muhleisen sold 2,000 shares of Nelnet stock. The shares were sold at an average price of $53.25, for a total value of $106,500.00.
Nelnet, Inc. (NYSE:NNI) traded down $0.64 during trading hours on Monday, reaching $51.79. The company’s stock had a trading volume of 99,226 shares, compared to its average volume of 93,122. The company has a quick ratio of 159.08, a current ratio of 159.08 and a debt-to-equity ratio of 10.44. Nelnet, Inc. has a one year low of $38.72 and a one year high of $59.68. The stock has a market capitalization of $2,141.56, a price-to-earnings ratio of 9.91 and a beta of 0.96.
A number of large investors have recently added to or reduced their stakes in NNI. Public Employees Retirement System of Ohio raised its position in Nelnet by 6.1% in the second quarter. Public Employees Retirement System of Ohio now owns 2,156 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 123 shares during the period. SG Americas Securities LLC purchased a new position in Nelnet in the third quarter valued at about $174,000. Cubist Systematic Strategies LLC purchased a new position in Nelnet in the second quarter valued at about $239,000. Creative Planning purchased a new position in Nelnet in the fourth quarter valued at about $304,000. Finally, Teacher Retirement System of Texas purchased a new position in Nelnet in the fourth quarter valued at about $396,000. 40.03% of the stock is currently owned by institutional investors.
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.
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