Nelnet, Inc. (NYSE:NNI) Stake Raised by Bandera Partners LLC

Bandera Partners LLC grew its stake in shares of Nelnet, Inc. (NYSE:NNI) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 120,583 shares of the credit services provider’s stock after acquiring an additional 8,583 shares during the quarter. Nelnet accounts for 3.5% of Bandera Partners LLC’s portfolio, making the stock its 9th largest position. Bandera Partners LLC’s holdings in Nelnet were worth $10,638,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NNI. Sycale Advisors NY LLC raised its position in shares of Nelnet by 20.6% in the third quarter. Sycale Advisors NY LLC now owns 315,405 shares of the credit services provider’s stock valued at $28,172,000 after buying an additional 53,853 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Nelnet by 280.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 23,986 shares of the credit services provider’s stock valued at $2,142,000 after acquiring an additional 17,686 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Nelnet by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,076,549 shares of the credit services provider’s stock valued at $183,194,000 after acquiring an additional 12,187 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of Nelnet by 21.5% during the 4th quarter. Denali Advisors LLC now owns 48,510 shares of the credit services provider’s stock worth $4,280,000 after purchasing an additional 8,600 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Nelnet by 2,719.1% during the third quarter. Tower Research Capital LLC TRC now owns 8,260 shares of the credit services provider’s stock worth $738,000 after purchasing an additional 7,967 shares during the last quarter. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Nelnet Trading Down 1.2 %

NNI stock traded down $1.18 on Friday, hitting $100.69. 63,696 shares of the company were exchanged, compared to its average volume of 87,751. The company has a debt-to-equity ratio of 3.25, a current ratio of 48.33 and a quick ratio of 48.33. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 27.16 and a beta of 0.89. Nelnet, Inc. has a twelve month low of $81.67 and a twelve month high of $110.70. The business’s fifty day moving average is $99.29 and its two-hundred day moving average is $91.48.

Nelnet (NYSE:NNI) last released its quarterly earnings data on Thursday, May 9th. The credit services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.44. The business had revenue of $579.96 million during the quarter. Nelnet had a return on equity of 4.17% and a net margin of 6.54%. During the same quarter in the previous year, the company earned $1.47 earnings per share. As a group, research analysts forecast that Nelnet, Inc. will post 6 earnings per share for the current year.

Nelnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.12 annualized dividend and a yield of 1.11%. Nelnet’s dividend payout ratio is presently 30.27%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. TD Cowen upped their target price on Nelnet from $90.00 to $96.00 and gave the company a “hold” rating in a research note on Tuesday, May 14th. StockNews.com upgraded Nelnet from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

About Nelnet

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.