Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $61.06, for a total value of $61,060.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Angie Muhleisen also recently made the following trade(s):

  • On Wednesday, April 17th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The stock was sold at an average price of $57.93, for a total value of $57,930.00.
  • On Wednesday, March 20th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were sold at an average price of $55.57, for a total value of $55,570.00.
  • On Wednesday, February 20th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were sold at an average price of $53.90, for a total value of $53,900.00.

Shares of NYSE:NNI traded down $0.72 during trading on Wednesday, hitting $60.82. The company’s stock had a trading volume of 51,829 shares, compared to its average volume of 58,772. The company has a debt-to-equity ratio of 9.37, a quick ratio of 86.21 and a current ratio of 86.21. Nelnet, Inc. has a fifty-two week low of $47.59 and a fifty-two week high of $64.00. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 11.19 and a beta of 0.53.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Wednesday, May 8th. The credit services provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.40. Nelnet had a return on equity of 9.66% and a net margin of 8.86%. The business had revenue of $264.94 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, May 30th.

Large investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in Nelnet in the fourth quarter worth approximately $68,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Nelnet by 32.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,517 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 375 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Nelnet in the first quarter valued at $94,000. Great West Life Assurance Co. Can lifted its holdings in shares of Nelnet by 59.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,757 shares of the credit services provider’s stock valued at $140,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Cutler Group LP purchased a new stake in shares of Nelnet in the fourth quarter valued at $161,000. Institutional investors and hedge funds own 36.55% of the company’s stock.

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Nelnet Company Profile

Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Servicing and Systems 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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Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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