Nelnet, Inc. (NYSE:NNI) Director Kathleen Anne Farrell sold 2,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $53.97, for a total value of $107,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Nelnet, Inc. (NYSE:NNI) traded up $0.84 during mid-day trading on Friday, hitting $54.25. The stock had a trading volume of 146,269 shares, compared to its average volume of 99,388. The company has a quick ratio of 99.01, a current ratio of 99.01 and a debt-to-equity ratio of 9.86. The firm has a market capitalization of $2,214.00, a price-to-earnings ratio of 13.02 and a beta of 0.86. Nelnet, Inc. has a fifty-two week low of $38.72 and a fifty-two week high of $59.68.
Nelnet (NYSE:NNI) last announced its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.15. The business had revenue of $182.07 million for the quarter. Nelnet had a return on equity of 8.65% and a net margin of 14.41%.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.18%. Nelnet’s payout ratio is 15.46%.
Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake 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 worth $101,000 after buying an additional 123 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nelnet in the third quarter worth about $174,000. Creative Planning purchased a new stake in shares of Nelnet in the fourth quarter worth about $304,000. Teacher Retirement System of Texas purchased a new stake in shares of Nelnet in the fourth quarter worth about $396,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Nelnet in the fourth quarter worth about $500,000. Hedge funds and other institutional investors own 41.32% of the company’s stock.
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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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