Zebra Capital Management LLC acquired a new stake in Nelnet, Inc. (NYSE:NNI) during the second quarter, HoldingsChannel.com reports. The fund acquired 10,068 shares of the credit services provider’s stock, valued at approximately $588,000.
A number of other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Nelnet during the 1st quarter worth $100,000. Quantbot Technologies LP purchased a new stake in shares of Nelnet during the 1st quarter worth $104,000. Burney Co. purchased a new stake in shares of Nelnet during the 2nd quarter worth $220,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Nelnet during the 1st quarter worth $254,000. Finally, Victory Capital Management Inc. boosted its position in shares of Nelnet by 28.4% during the 1st quarter. Victory Capital Management Inc. now owns 5,219 shares of the credit services provider’s stock worth $274,000 after purchasing an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 37.47% of the company’s stock.
NNI has been the topic of several research analyst reports. TheStreet upgraded shares of Nelnet from a “d+” rating to a “c” rating in a research report on Thursday, May 24th. ValuEngine lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th.
Shares of NYSE NNI opened at $58.93 on Monday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 11.26 and a beta of 0.81. Nelnet, Inc. has a one year low of $48.03 and a one year high of $64.00. The company has a debt-to-equity ratio of 9.83, a quick ratio of 112.77 and a current ratio of 112.77.
Nelnet (NYSE:NNI) last released its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. The business had revenue of $257.96 million during the quarter. Nelnet had a return on equity of 9.45% and a net margin of 17.02%.
The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, August 30th.
In other news, major shareholder Angie Muhleisen sold 1,000 shares of Nelnet stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $56.42, for a total transaction of $56,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 46.10% of the company’s stock.
Nelnet Company Profile
Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.
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