Nelnet, Inc. (NYSE:NNI) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. increased its stake in shares of Nelnet, Inc. (NYSE:NNI) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,187,527 shares of the credit services provider’s stock after acquiring an additional 5,708 shares during the period. Nelnet accounts for about 4.0% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 3rd largest position. Farmers & Merchants Investments Inc. owned about 3.27% of Nelnet worth $126,840,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NNI. Christopher J. Hasenberg Inc acquired a new position in Nelnet during the fourth quarter valued at approximately $38,000. Blue Trust Inc. raised its holdings in Nelnet by 1,293.1% in the 4th quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 375 shares during the period. FMR LLC raised its holdings in Nelnet by 20.3% in the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 94 shares during the period. Quest Partners LLC lifted its position in Nelnet by 34,283.3% during the 3rd quarter. Quest Partners LLC now owns 2,063 shares of the credit services provider’s stock worth $234,000 after acquiring an additional 2,057 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in Nelnet by 7.4% during 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 period. 33.51% of the stock is owned by institutional investors.

Nelnet Stock Down 1.1 %

NNI opened at $111.27 on Friday. The business has a 50 day moving average of $107.99 and a 200-day moving average of $110.34. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 36.60 and a beta of 0.91. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78. Nelnet, Inc. has a 1-year low of $83.75 and a 1-year high of $127.32.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Thursday, November 7th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($1.02). The company had revenue of $477.80 million during the quarter. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. During the same quarter last year, the company earned $1.15 EPS. As a group, sell-side analysts anticipate that Nelnet, Inc. will post 4.52 earnings per share for the current year.

Nelnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 1.01%. Nelnet’s dividend payout ratio is 36.84%.

Insider Buying and Selling at Nelnet

In other Nelnet news, insider William J. Munn sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $108.89, for a total value of $272,225.00. Following the sale, the insider now owns 9,354 shares of the company’s stock, valued at $1,018,557.06. The trade was a 21.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 50.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Nelnet from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.