Nelnet, Inc. $NNI Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Nelnet, Inc. (NYSE:NNI) by 53.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,548 shares of the credit services provider’s stock after selling 6,444 shares during the period. SG Americas Securities LLC’s holdings in Nelnet were worth $715,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Nelnet during the 4th quarter valued at about $31,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Nelnet in the fourth quarter worth approximately $210,000. Tudor Investment Corp ET AL lifted its position in shares of Nelnet by 59.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 23,209 shares of the credit services provider’s stock worth $3,086,000 after purchasing an additional 8,642 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Nelnet by 415.0% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,375 shares of the credit services provider’s stock worth $1,911,000 after purchasing an additional 11,584 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in Nelnet during the fourth quarter valued at approximately $358,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of Nelnet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.00.

Nelnet Price Performance

NYSE:NNI traded down $0.13 during trading hours on Tuesday, reaching $134.18. The company had a trading volume of 1,420 shares, compared to its average volume of 134,248. The company has a quick ratio of 24.07, a current ratio of 24.07 and a debt-to-equity ratio of 2.14. The stock has a 50-day moving average of $131.46 and a two-hundred day moving average of $132.18. Nelnet, Inc. has a one year low of $116.62 and a one year high of $144.38. The firm has a market capitalization of $4.82 billion, a PE ratio of 11.73 and a beta of 0.78.

Nelnet (NYSE:NNI) last issued its earnings results on Thursday, May 7th. The credit services provider reported $1.94 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.72). The firm had revenue of $419.06 million during the quarter, compared to analyst estimates of $443.84 million. Nelnet had a net margin of 18.45% and a return on equity of 11.73%. Analysts forecast that Nelnet, Inc. will post 8.6 earnings per share for the current year.

Nelnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 1st. Nelnet’s dividend payout ratio is currently 11.50%.

Nelnet Company Profile

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.