Cwm LLC Buys 263 Shares of Nelnet, Inc. (NYSE:NNI)

Cwm LLC lifted its stake in Nelnet, Inc. (NYSE:NNI) by 176.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 412 shares of the credit services provider’s stock after buying an additional 263 shares during the quarter. Cwm LLC’s holdings in Nelnet were worth $36,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Nelnet during the 3rd quarter valued at about $381,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Nelnet by 31.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,013 shares of the credit services provider’s stock worth $269,000 after buying an additional 723 shares in the last quarter. Inspire Investing LLC boosted its stake in Nelnet by 6.0% during the third quarter. Inspire Investing LLC now owns 3,449 shares of the credit services provider’s stock valued at $308,000 after buying an additional 194 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Nelnet by 46.3% during the 3rd quarter. Principal Financial Group Inc. now owns 4,092 shares of the credit services provider’s stock valued at $365,000 after buying an additional 1,295 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Nelnet by 49.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,797 shares of the credit services provider’s stock worth $875,000 after acquiring an additional 3,263 shares in the last quarter. 33.51% of the stock is owned by hedge funds and other institutional investors.

Nelnet Stock Up 1.9 %

Shares of NYSE NNI opened at $98.55 on Friday. The company has a current ratio of 35.15, a quick ratio of 35.15 and a debt-to-equity ratio of 3.67. Nelnet, Inc. has a 12-month low of $81.67 and a 12-month high of $101.60. The firm’s 50-day moving average price is $92.59 and its 200-day moving average price is $88.72. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 40.39 and a beta of 0.84.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($1.19). The company had revenue of $260.66 million for the quarter. Nelnet had a net margin of 4.43% and a return on equity of 3.81%. On average, equities research analysts anticipate that Nelnet, Inc. will post 5.15 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Nelnet from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

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.