9,000 Shares in Nelnet, Inc. $NNI Purchased by Militia Capital Management LLC

Militia Capital Management LLC purchased a new position in shares of Nelnet, Inc. (NYSE:NNI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,000 shares of the credit services provider’s stock, valued at approximately $1,161,000.

A number of other hedge funds have also recently added to or reduced their stakes in NNI. AQR Capital Management LLC increased its position in Nelnet by 20.9% during the 1st quarter. AQR Capital Management LLC now owns 8,575 shares of the credit services provider’s stock worth $951,000 after purchasing an additional 1,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Nelnet by 2.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,694 shares of the credit services provider’s stock valued at $1,297,000 after buying an additional 299 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Nelnet by 1,246.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,365 shares of the credit services provider’s stock valued at $373,000 after buying an additional 3,115 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Nelnet by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,415 shares of the credit services provider’s stock valued at $6,480,000 after buying an additional 3,923 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Nelnet by 583.3% in the first quarter. Jane Street Group LLC now owns 16,023 shares of the credit services provider’s stock valued at $1,777,000 after buying an additional 13,678 shares in the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Trading Down 0.6%

Shares of Nelnet stock opened at $131.75 on Friday. Nelnet, Inc. has a 12-month low of $116.62 and a 12-month high of $144.38. The company has a current ratio of 24.07, a quick ratio of 24.07 and a debt-to-equity ratio of 2.14. The stock has a market cap of $4.73 billion, a PE ratio of 11.48 and a beta of 0.78. The company has a 50-day moving average of $130.98 and a two-hundred day moving average of $131.90.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Thursday, May 7th. The credit services provider reported $1.94 earnings per share (EPS) 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 8.18 EPS for the current fiscal year.

Nelnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.33 dividend. 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 (DPR) is presently 11.50%.

Wall Street Analyst Weigh In

NNI has been the topic of a number of recent analyst reports. Weiss Ratings raised Nelnet from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, May 1st. Zacks Research downgraded Nelnet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.