William J. Munn Sells 1,000 Shares of Nelnet, Inc. (NNI) Stock
Nelnet, Inc. (NYSE:NNI) insider William J. Munn sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $55.00, for a total transaction of $55,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
William J. Munn also recently made the following trade(s):
- On Tuesday, September 26th, William J. Munn sold 1,000 shares of Nelnet stock. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00.
Nelnet, Inc. (NYSE NNI) traded down 0.66% during trading on Monday, reaching $58.71. 86,151 shares of the company were exchanged. The firm has a 50-day moving average of $50.18 and a 200-day moving average of $46.43. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 9.52 and a beta of 1.00. Nelnet, Inc. has a 52-week low of $37.86 and a 52-week high of $59.68.
Nelnet (NYSE:NNI) last released its quarterly earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The company had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $182.02 million. Nelnet had a net margin of 20.19% and a return on equity of 9.65%. During the same quarter in the prior year, the company earned $1.13 earnings per share. On average, equities analysts forecast that Nelnet, Inc. will post $4.47 EPS for the current year.
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A number of equities analysts recently commented on NNI shares. TheStreet raised shares of Nelnet from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th. Credit Suisse Group raised their price objective on shares of Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday. BidaskClub lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Compass Point lowered shares of Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, August 9th.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted 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 buying an additional 123 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Nelnet by 2.0% in the first quarter. Victory Capital Management Inc. now owns 2,640 shares of the credit services provider’s stock valued at $116,000 after buying an additional 53 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Nelnet by 168.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,304 shares of the credit services provider’s stock valued at $202,000 after buying an additional 2,700 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Nelnet in the second quarter valued at approximately $214,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Nelnet in the second quarter valued at approximately $239,000. Institutional investors own 40.86% of the company’s stock.
Nelnet Company Profile
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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