Nelnet, Inc. $NNI Stock Position Decreased by UBS Group AG

UBS Group AG lessened its holdings in Nelnet, Inc. (NYSE:NNI) by 31.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 132,408 shares of the credit services provider’s stock after selling 59,418 shares during the quarter. UBS Group AG’s holdings in Nelnet were worth $17,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Concurrent Investment Advisors LLC raised its holdings in shares of Nelnet by 7.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,208 shares of the credit services provider’s stock worth $294,000 after acquiring an additional 158 shares in the last quarter. CWM LLC raised its holdings in Nelnet by 7.1% during the fourth quarter. CWM LLC now owns 1,900 shares of the credit services provider’s stock valued at $253,000 after buying an additional 126 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Nelnet by 0.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 8,742 shares of the credit services provider’s stock valued at $1,162,000 after buying an additional 81 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nelnet in the fourth quarter worth about $1,594,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Nelnet by 19.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 797 shares of the credit services provider’s stock worth $109,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Stock Down 0.3%

NNI stock opened at $122.10 on Wednesday. Nelnet, Inc. has a twelve month low of $111.82 and a twelve month high of $144.38. The company has a market cap of $4.38 billion, a PE ratio of 10.64 and a beta of 0.83. The business’s 50-day simple moving average is $132.82 and its 200 day simple moving average is $132.15. The company has a quick ratio of 28.27, a current ratio of 24.07 and a debt-to-equity ratio of 2.14.

Nelnet (NYSE:NNI) last released its quarterly earnings data on Thursday, May 7th. The credit services provider reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.72). The company had revenue of $419.06 million for 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%. On average, research analysts anticipate that Nelnet, Inc. will post 9.2 earnings per share for the current year.

Nelnet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.33 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. Nelnet’s payout ratio is 11.50%.

Analyst Ratings Changes

A number of research firms have recently commented on NNI. Zacks Research lowered Nelnet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings raised Nelnet from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Nelnet has an average rating of “Hold” and an average target price of $140.00.

Nelnet 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.