Nelnet, Inc. (NYSE:NNI) Stock Position Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its position in shares of Nelnet, Inc. (NYSE:NNI) by 230.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,797 shares of the credit services provider’s stock after buying an additional 17,285 shares during the quarter. Edgestream Partners L.P. owned 0.07% of Nelnet worth $2,649,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NNI. Proficio Capital Partners LLC boosted its stake in Nelnet by 16,773.6% during the fourth quarter. Proficio Capital Partners LLC now owns 482,247 shares of the credit services provider’s stock valued at $482,000 after buying an additional 479,389 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Nelnet in the 3rd quarter valued at $2,613,000. Barclays PLC boosted its position in shares of Nelnet by 127.4% in the 3rd quarter. Barclays PLC now owns 28,996 shares of the credit services provider’s stock valued at $3,285,000 after purchasing an additional 16,245 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Nelnet by 0.5% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,187,527 shares of the credit services provider’s stock valued at $126,840,000 after purchasing an additional 5,708 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Nelnet in the 3rd quarter valued at $323,000. Institutional investors own 33.51% of the company’s stock.

Nelnet Stock Down 0.1 %

Shares of Nelnet stock opened at $118.46 on Monday. The stock has a 50-day moving average price of $110.88 and a 200 day moving average price of $111.07. The company has a market cap of $4.30 billion, a P/E ratio of 38.97 and a beta of 0.89. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78. Nelnet, Inc. has a 1 year low of $87.02 and a 1 year high of $127.32.

Nelnet (NYSE:NNI) last announced its quarterly earnings data on Thursday, February 27th. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.21. The firm had revenue of $401.61 million during the quarter, compared to the consensus estimate of $335.00 million. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. As a group, analysts expect that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, February 28th. Nelnet’s dividend payout ratio (DPR) is presently 22.40%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Nelnet from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th.

About Nelnet

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.