Tudor Investment Corp ET AL Purchases 4,269 Shares of Nelnet, Inc. $NNI

Tudor Investment Corp ET AL boosted its position in Nelnet, Inc. (NYSE:NNI) by 41.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,567 shares of the credit services provider’s stock after purchasing an additional 4,269 shares during the period. Tudor Investment Corp ET AL’s holdings in Nelnet were worth $1,826,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Nelnet by 66.4% during the 3rd quarter. UBS Group AG now owns 191,826 shares of the credit services provider’s stock valued at $24,051,000 after acquiring an additional 76,534 shares during the period. American Century Companies Inc. grew its position in shares of Nelnet by 28.9% during the 3rd quarter. American Century Companies Inc. now owns 184,316 shares of the credit services provider’s stock valued at $23,110,000 after acquiring an additional 41,302 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Nelnet by 66.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 96,840 shares of the credit services provider’s stock valued at $11,729,000 after acquiring an additional 38,628 shares during the period. Marshall Wace LLP grew its position in shares of Nelnet by 421.7% during the 2nd quarter. Marshall Wace LLP now owns 46,474 shares of the credit services provider’s stock valued at $5,629,000 after acquiring an additional 37,566 shares during the period. Finally, Millennium Management LLC grew its position in shares of Nelnet by 952.7% during the 3rd quarter. Millennium Management LLC now owns 27,992 shares of the credit services provider’s stock valued at $3,510,000 after acquiring an additional 25,333 shares during the period. 33.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NNI shares. Zacks Research raised shares of Nelnet from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. TD Cowen reissued a “hold” rating on shares of Nelnet in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nelnet presently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Nelnet Stock Down 0.1%

NNI opened at $132.18 on Monday. The company has a 50 day moving average of $130.45 and a 200 day moving average of $130.98. The company has a market cap of $4.74 billion, a PE ratio of 11.23 and a beta of 0.81. Nelnet, Inc. has a 12 month low of $101.90 and a 12 month high of $142.87. The company has a current ratio of 28.27, a quick ratio of 28.27 and a debt-to-equity ratio of 2.18.

Nelnet (NYSE:NNI) last released its quarterly earnings data on Thursday, February 26th. The credit services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). The business had revenue of $392.76 million during the quarter, compared to the consensus estimate of $382.00 million. Nelnet had a return on equity of 12.43% and a net margin of 18.99%. On average, sell-side analysts expect that Nelnet, Inc. will post 4.52 EPS for the current year.

Nelnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.32 annualized dividend and a yield of 1.0%. Nelnet’s dividend payout ratio (DPR) is 11.21%.

Nelnet Profile

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.