Dean Capital Management Decreases Stock Holdings in Nelnet, Inc. (NYSE:NNI)

Dean Capital Management decreased its holdings in shares of Nelnet, Inc. (NYSE:NNI) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,660 shares of the credit services provider’s stock after selling 1,986 shares during the quarter. Dean Capital Management’s holdings in Nelnet were worth $940,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CWM LLC raised its stake in Nelnet by 176.5% during the fourth quarter. CWM LLC now owns 412 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 263 shares in the last quarter. TFO Wealth Partners LLC increased its position in Nelnet by 49,900.0% during the fourth quarter. TFO Wealth Partners LLC now owns 500 shares of the credit services provider’s stock valued at $44,000 after acquiring an additional 499 shares during the last quarter. Graham Capital Management L.P. bought a new position in Nelnet during the third quarter valued at $238,000. Quest Partners LLC bought a new position in Nelnet during the fourth quarter valued at $282,000. Finally, Inceptionr LLC bought a new position in Nelnet during the fourth quarter valued at $305,000. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NNI shares. StockNews.com upgraded shares of Nelnet from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. TD Cowen upped their price target on shares of Nelnet from $90.00 to $96.00 and gave the stock a “hold” rating in a report on Tuesday, May 14th.

Insiders Place Their Bets

In other Nelnet news, Director Kathleen Anne Farrell sold 1,700 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $101.73, for a total transaction of $172,941.00. Following the transaction, the director now directly owns 16,894 shares in the company, valued at approximately $1,718,626.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 50.10% of the stock is owned by company insiders.

Nelnet Trading Down 0.7 %

Shares of NYSE NNI traded down $0.71 during mid-day trading on Tuesday, reaching $99.38. The company had a trading volume of 2,252 shares, compared to its average volume of 86,757. The business’s 50-day moving average is $99.54 and its 200-day moving average is $91.76. The company has a current ratio of 48.33, a quick ratio of 48.33 and a debt-to-equity ratio of 3.25. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 27.04 and a beta of 0.89. Nelnet, Inc. has a 52 week low of $81.67 and a 52 week high of $110.70.

Nelnet (NYSE:NNI) last issued its earnings results on Thursday, May 9th. The credit services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.44. Nelnet had a net margin of 6.54% and a return on equity of 4.17%. The company had revenue of $579.96 million for the quarter. During the same quarter in the previous year, the company earned $1.47 earnings per share. Equities analysts expect that Nelnet, Inc. will post 6 earnings per share for the current year.

Nelnet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, May 31st. Nelnet’s payout ratio is 30.27%.

Nelnet Profile

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.