Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 2,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $52.75, for a total value of $105,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 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 Friday, October 20th, Angie Muhleisen sold 2,000 shares of Nelnet stock. The shares were sold at an average price of $57.54, for a total value of $115,080.00.
  • 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.

Shares of Nelnet, Inc. (NYSE NNI) traded up $0.25 during trading hours on Tuesday, reaching $53.24. The company had a trading volume of 72,565 shares, compared to its average volume of 82,785. The company has a market cap of $2,200.00, a price-to-earnings ratio of 11.97 and a beta of 1.06. The company has a debt-to-equity ratio of 10.44, a quick ratio of 159.08 and a current ratio of 159.08. Nelnet, Inc. has a twelve month low of $38.72 and a twelve month high of $59.68.

Nelnet (NYSE:NNI) last announced its earnings results on Tuesday, November 7th. The credit services provider reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.10). The company had revenue of $194.43 million for the quarter, compared to the consensus estimate of $191.00 million. Nelnet had a return on equity of 8.70% and a net margin of 17.51%. The firm’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.16 per share. This is a positive change from Nelnet’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, November 30th. Nelnet’s dividend payout ratio (DPR) is currently 10.67%.

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A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in Nelnet by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,319,282 shares of the credit services provider’s stock worth $117,124,000 after purchasing an additional 18,163 shares during the last quarter. Wells Fargo & Company MN raised its position in Nelnet by 27.4% during the 3rd quarter. Wells Fargo & Company MN now owns 33,552 shares of the credit services provider’s stock worth $1,695,000 after purchasing an additional 7,219 shares during the last quarter. American International Group Inc. raised its position in Nelnet by 8.1% during the 3rd quarter. American International Group Inc. now owns 13,378 shares of the credit services provider’s stock worth $676,000 after purchasing an additional 999 shares during the last quarter. SG Americas Securities LLC bought a new position in Nelnet during the 3rd quarter worth $174,000. Finally, Russell Investments Group Ltd. raised its position in Nelnet by 168.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,462 shares of the credit services provider’s stock worth $3,407,000 after purchasing an additional 42,313 shares during the last quarter. 39.65% of the stock is owned by institutional investors and hedge funds.

NNI has been the subject of a number of research reports. Credit Suisse Group increased their price target on Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. BidaskClub cut Nelnet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Compass Point cut Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Nelnet from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th.

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.

Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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