Nelnet, Inc. (NYSE:NNI) Shares Acquired by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lifted its position in shares of Nelnet, Inc. (NYSE:NNI) by 92,520.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,631 shares of the credit services provider’s stock after buying an additional 4,626 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Nelnet were worth $348,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. increased its holdings in Nelnet by 147.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 12,135 shares of the credit services provider’s stock valued at $669,000 after purchasing an additional 7,235 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Nelnet by 35.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 35,035 shares of the credit services provider’s stock valued at $2,549,000 after buying an additional 9,160 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Nelnet by 12.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,467 shares of the credit services provider’s stock worth $398,000 after purchasing an additional 584 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Nelnet by 43.2% during the first quarter. Royal Bank of Canada now owns 3,092 shares of the credit services provider’s stock worth $225,000 after purchasing an additional 933 shares during the last quarter. Finally, Amundi Asset Management US Inc. lifted its position in shares of Nelnet by 5.3% during the first quarter. Amundi Asset Management US Inc. now owns 45,837 shares of the credit services provider’s stock worth $3,334,000 after purchasing an additional 2,293 shares during the last quarter. Institutional investors and hedge funds own 38.71% of the company’s stock.

In related news, insider William J. Munn sold 1,927 shares of the stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $79.95, for a total transaction of $154,063.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 44.97% of the stock is owned by corporate insiders.

NNI opened at $89.63 on Thursday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 6.98 and a beta of 0.68. Nelnet, Inc. has a fifty-two week low of $67.14 and a fifty-two week high of $89.70. The stock’s 50-day simple moving average is $82.96. The company has a current ratio of 61.31, a quick ratio of 73.42 and a debt-to-equity ratio of 6.51.

Nelnet (NYSE:NNI) last released its quarterly earnings data on Monday, November 8th. The credit services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.45). The business had revenue of $286.66 million for the quarter. Nelnet had a return on equity of 16.89% and a net margin of 30.22%.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be paid a dividend of $0.24 per share. This is a positive change from Nelnet’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, November 30th. This represents a $0.96 annualized dividend and a yield of 1.07%. Nelnet’s dividend payout ratio is 6.85%.

Nelnet Company Profile

Nelnet, Inc engages in the provision of education-related products and services, as well as loan asset management. It operates through the business following segments: Loan Systems & Servicing, Education Technology, Services and Payment Processing, Communications, and Asset Generation and Management.

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Institutional Ownership by Quarter for Nelnet (NYSE:NNI)

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