240 Shares in Nelnet, Inc. $NNI Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in Nelnet, Inc. (NYSE:NNI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 240 shares of the credit services provider’s stock, valued at approximately $29,000.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Nelnet in the 2nd quarter worth about $32,000. KBC Group NV purchased a new position in shares of Nelnet in the first quarter worth approximately $32,000. Maseco LLP purchased a new position in shares of Nelnet in the second quarter worth approximately $45,000. Russell Investments Group Ltd. grew its position in Nelnet by 576.5% during the 1st quarter. Russell Investments Group Ltd. now owns 460 shares of the credit services provider’s stock worth $51,000 after purchasing an additional 392 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in Nelnet during the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Nelnet Stock Performance

NNI stock opened at $130.14 on Thursday. The company has a quick ratio of 29.41, a current ratio of 29.42 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.41 and a beta of 0.84. Nelnet, Inc. has a 12 month low of $98.15 and a 12 month high of $136.17. The firm has a 50 day moving average of $127.13 and a two-hundred day moving average of $118.99.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Wednesday, August 6th. The credit services provider reported $5.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $3.14. The firm had revenue of $540.61 million during the quarter, compared to analysts’ expectations of $376.40 million. Nelnet had a net margin of 14.86% and a return on equity of 10.09%. As a group, equities analysts anticipate that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.30 per share. This is a boost from Nelnet’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, September 2nd. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. Nelnet’s dividend payout ratio is currently 13.29%.

Insider Buying and Selling

In related news, Director Thomas Edward Henning sold 3,102 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $128.87, for a total transaction of $399,754.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Shelby J. Butterfield sold 41,929 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $119.25, for a total transaction of $5,000,033.25. Following the sale, the insider directly owned 510 shares of the company’s stock, valued at approximately $60,817.50. This represents a 98.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,125 shares of company stock valued at $6,056,252 in the last ninety days. Company insiders own 50.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nelnet in a report on Wednesday, October 8th. Wall Street Zen raised Nelnet from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Nelnet currently has an average rating of “Hold”.

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.