Lawson Kroeker Investment Management Inc. NE Reduces Stock Position in Nelnet, Inc. $NNI

Lawson Kroeker Investment Management Inc. NE decreased its position in Nelnet, Inc. (NYSE:NNI) by 34.5% in the 4th quarter, HoldingsChannel reports. The firm owned 66,142 shares of the credit services provider’s stock after selling 34,776 shares during the period. Nelnet makes up about 2.6% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 16th largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Nelnet were worth $8,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in shares of Nelnet by 170.3% during the second quarter. Osaic Holdings Inc. now owns 373 shares of the credit services provider’s stock valued at $45,000 after buying an additional 235 shares during the period. Smartleaf Asset Management LLC boosted its position in Nelnet by 189.8% during the third quarter. Smartleaf Asset Management LLC now owns 368 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 241 shares during the last quarter. State of Wyoming purchased a new stake in Nelnet in the 2nd quarter worth approximately $62,000. EverSource Wealth Advisors LLC grew its stake in Nelnet by 137.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 541 shares of the credit services provider’s stock worth $66,000 after acquiring an additional 313 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Nelnet in the 3rd quarter valued at $86,000. 33.51% of the stock is currently owned by hedge funds and other institutional investors.

Nelnet Price Performance

Nelnet stock opened at $128.96 on Friday. Nelnet, Inc. has a 1 year low of $98.15 and a 1 year high of $142.87. The company has a debt-to-equity ratio of 2.18, a quick ratio of 28.27 and a current ratio of 28.27. The firm has a 50 day moving average price of $130.32 and a 200 day moving average price of $130.72. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 10.96 and a beta of 0.81.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Thursday, February 26th. The credit services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.07). The company had revenue of $392.76 million for the quarter, compared to analysts’ expectations of $382.00 million. Nelnet had a return on equity of 12.43% and a net margin of 18.99%. Sell-side analysts predict that Nelnet, Inc. will post 4.52 earnings per share for the current year.

Nelnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Nelnet’s dividend payout ratio (DPR) is 11.21%.

Wall Street Analyst Weigh In

NNI has been the topic of a number of recent analyst reports. Zacks Research raised Nelnet from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. TD Cowen reiterated a “hold” rating on shares of Nelnet in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

About Nelnet

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.