Nelnet, Inc. (NYSE:NNI) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of Nelnet, Inc. (NYSE:NNI) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,896 shares of the credit services provider’s stock after purchasing an additional 15,445 shares during the period. HighTower Advisors LLC owned 0.21% of Nelnet worth $8,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in Nelnet in the fourth quarter valued at $38,000. Blue Trust Inc. lifted its position in Nelnet by 1,293.1% in the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 375 shares during the last quarter. FMR LLC lifted its position in Nelnet by 20.3% in the third quarter. FMR LLC now owns 556 shares of the credit services provider’s stock valued at $63,000 after acquiring an additional 94 shares during the last quarter. Quest Partners LLC lifted its position in Nelnet by 34,283.3% in the third quarter. Quest Partners LLC now owns 2,063 shares of the credit services provider’s stock valued at $234,000 after acquiring an additional 2,057 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in Nelnet by 7.4% in the third quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock valued at $258,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Price Performance

Shares of NYSE:NNI opened at $114.99 on Tuesday. The company has a 50-day simple moving average of $111.94 and a 200-day simple moving average of $111.17. Nelnet, Inc. has a one year low of $87.02 and a one year high of $127.32. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 37.82 and a beta of 0.89.

Nelnet (NYSE:NNI) last announced its earnings results on Thursday, February 27th. The credit services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. Nelnet had a net margin of 5.54% and a return on equity of 3.78%. The business had revenue of $401.61 million during the quarter, compared to analysts’ expectations of $335.00 million. On average, analysts predict that Nelnet, Inc. will post 4.52 EPS for the current year.

Nelnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.28 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.97%. Nelnet’s payout ratio is 22.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Nelnet from a “hold” rating to a “buy” rating in a research report on Tuesday, March 4th.

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.