Venator Management LLC Buys Shares of 2,000 Nelnet, Inc. (NYSE:NNI)

Venator Management LLC purchased a new position in shares of Nelnet, Inc. (NYSE:NNI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,000 shares of the credit services provider’s stock, valued at approximately $214,000. Nelnet comprises 0.1% of Venator Management LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in Nelnet in the fourth quarter worth $38,000. Blue Trust Inc. increased 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 last quarter. FMR LLC raised its stake in Nelnet by 20.3% in the 3rd 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 period. EntryPoint Capital LLC purchased a new stake in Nelnet during the fourth quarter valued at about $223,000. Finally, MML Investors Services LLC boosted its position 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 worth $258,000 after purchasing an additional 157 shares during the period. Institutional investors own 33.51% of the company’s stock.

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 Price Performance

Shares of NYSE NNI opened at $111.70 on Monday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. Nelnet, Inc. has a fifty-two week low of $92.24 and a fifty-two week high of $127.32. The stock has a market cap of $4.05 billion, a PE ratio of 36.74 and a beta of 0.89. The stock has a fifty day moving average of $113.23 and a 200-day moving average of $111.24.

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

Nelnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, February 28th. Nelnet’s payout ratio is 22.40%.

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.