Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $57.54, for a total value of $115,080.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 shares were 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 shares were sold at an average price of $45.34, for a total value of $90,680.00.

Nelnet, Inc. (NYSE NNI) traded down 0.66% during mid-day trading on Monday, reaching $58.71. The company’s stock had a trading volume of 86,151 shares. The company has a market cap of $2.44 billion, a PE ratio of 9.52 and a beta of 1.00. The firm’s 50 day moving average is $50.18 and its 200-day moving average is $46.43. Nelnet, Inc. has a 12-month low of $37.86 and a 12-month high of $59.68.

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

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Several institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors raised its holdings in shares of Nelnet by 4.5% during the third quarter. Nationwide Fund Advisors now owns 33,337 shares of the credit services provider’s stock valued at $1,684,000 after acquiring an additional 1,440 shares during the last quarter. Shell Asset Management Co. increased its holdings in shares of Nelnet by 112.2% in the third quarter. Shell Asset Management Co. now owns 98,947 shares of the credit services provider’s stock valued at $4,264,000 after purchasing an additional 52,313 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of 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 last quarter. Sterling Capital Management LLC increased its holdings in shares of Nelnet by 9.0% in the second quarter. Sterling Capital Management LLC now owns 21,151 shares of the credit services provider’s stock valued at $994,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Nelnet in the second quarter valued at approximately $239,000. 40.86% of the stock is owned by institutional investors and hedge funds.

NNI has been the topic of a number of research reports. TheStreet raised Nelnet from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th. Credit Suisse Group lifted their price objective on Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday. BidaskClub downgraded Nelnet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Compass Point downgraded Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note 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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