Nelnet, Inc. (NYSE:NNI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its position in shares of Nelnet, Inc. (NYSE:NNI) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,487 shares of the credit services provider’s stock after selling 300 shares during the quarter. Inspire Investing LLC’s holdings in Nelnet were worth $352,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TFO Wealth Partners LLC boosted its holdings in Nelnet by 49,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 500 shares of the credit services provider’s stock worth $44,000 after purchasing an additional 499 shares during the period. Covestor Ltd boosted its holdings in shares of Nelnet by 139.2% in the 1st quarter. Covestor Ltd now owns 806 shares of the credit services provider’s stock valued at $76,000 after buying an additional 469 shares during the period. SG Americas Securities LLC bought a new stake in shares of Nelnet during the 1st quarter valued at about $209,000. ProShare Advisors LLC bought a new stake in shares of Nelnet during the 1st quarter valued at about $220,000. Finally, Quest Partners LLC acquired a new stake in Nelnet during the fourth quarter worth about $282,000. Institutional investors own 33.51% of the company’s stock.

Nelnet Stock Performance

Shares of NNI stock opened at $112.94 on Monday. Nelnet, Inc. has a 12-month low of $81.67 and a 12-month high of $116.13. The company has a debt-to-equity ratio of 2.97, a current ratio of 33.51 and a quick ratio of 33.51. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 30.52 and a beta of 0.92. The business has a 50 day simple moving average of $110.91 and a 200 day simple moving average of $102.66.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Thursday, August 8th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.13). Nelnet had a return on equity of 4.71% and a net margin of 7.44%. The business had revenue of $324.90 million during the quarter. On average, equities research analysts anticipate that Nelnet, Inc. will post 5.9 EPS for the current year.

Nelnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, August 30th. Nelnet’s dividend payout ratio is currently 30.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NNI shares. TD Cowen boosted their price objective on Nelnet from $96.00 to $98.00 and gave the company a “hold” rating in a research report on Monday, August 12th. StockNews.com lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

Nelnet Profile

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.