Prescott Group Capital Management L.L.C. increased its stake in Nelnet, Inc. (NYSE:NNI) by 33.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,537 shares of the credit services provider’s stock after acquiring an additional 15,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Nelnet were worth $3,261,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in Nelnet by 6.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,156 shares of the credit services provider’s stock valued at $101,000 after buying an additional 123 shares during the period. SG Americas Securities LLC purchased a new stake in Nelnet during the third quarter valued at about $174,000. Principal Financial Group Inc. purchased a new stake in Nelnet during the second quarter valued at about $214,000. Cubist Systematic Strategies LLC purchased a new stake in Nelnet during the second quarter valued at about $239,000. Finally, Creative Planning purchased a new stake in Nelnet during the fourth quarter valued at about $304,000. Institutional investors own 39.90% of the company’s stock.

NNI has been the subject of several analyst reports. Credit Suisse Group upped their price target on shares of Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Compass Point upgraded shares of Nelnet from a “neutral” rating to a “buy” rating in a research report on Thursday, October 19th.

Shares of Nelnet, Inc. (NYSE NNI) opened at $49.12 on Friday. The company has a debt-to-equity ratio of 10.44, a quick ratio of 159.08 and a current ratio of 159.08. Nelnet, Inc. has a 1 year low of $38.72 and a 1 year high of $59.68. The stock has a market cap of $2,006.36, a PE ratio of 11.27 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.64 annualized dividend and a yield of 1.30%. Nelnet’s payout ratio is 12.10%.

In other news, Director Michael D. Reardon sold 5,748 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $50.84, for a total transaction of $292,228.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Angie Muhleisen sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $52.75, for a total transaction of $105,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,748 shares of company stock valued at $609,348. Insiders own 46.10% of the company’s stock.

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Nelnet Profile

Nelnet, Inc focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company’s segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.

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Institutional Ownership by Quarter for Nelnet (NYSE:NNI)

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