Public Employees Retirement System of Ohio boosted its holdings in shares of Nelnet, Inc. (NYSE:NNI) by 220.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,735 shares of the credit services provider’s stock after acquiring an additional 3,256 shares during the period. Public Employees Retirement System of Ohio’s holdings in Nelnet were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Zebra Capital Management LLC acquired a new stake in shares of Nelnet in the 2nd quarter valued at about $588,000. Burney Co. acquired a new stake in shares of Nelnet in the 2nd quarter valued at about $220,000. United Services Automobile Association raised its stake in shares of Nelnet by 58.8% in the 2nd quarter. United Services Automobile Association now owns 35,294 shares of the credit services provider’s stock valued at $5,672,000 after purchasing an additional 13,074 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Nelnet in the 2nd quarter valued at about $298,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Nelnet in the 2nd quarter valued at about $2,355,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.

NNI opened at $56.70 on Wednesday. Nelnet, Inc. has a 1 year low of $48.30 and a 1 year high of $64.00. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 11.25 and a beta of 0.81. The company has a debt-to-equity ratio of 9.83, a quick ratio of 112.77 and a current ratio of 112.77.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. Nelnet had a return on equity of 9.45% and a net margin of 17.02%. The firm had revenue of $257.96 million for the quarter.

Separately, ValuEngine downgraded Nelnet from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th.

In other Nelnet news, major shareholder Angie Muhleisen sold 1,000 shares of Nelnet stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $58.22, for a total value of $58,220.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 47.00% of the company’s stock.

Nelnet Company Profile

Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.

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Institutional Ownership by Quarter for Nelnet (NYSE:NNI)

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