Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $58.22, for a total value of $58,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Angie Muhleisen also recently made the following trade(s):
- On Wednesday, August 15th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The stock was sold at an average price of $56.42, for a total value of $56,420.00.
Shares of NYSE:NNI traded down $0.46 during midday trading on Friday, hitting $54.23. The company had a trading volume of 104,651 shares, compared to its average volume of 65,569. Nelnet, Inc. has a 12 month low of $48.30 and a 12 month high of $64.00. The company has a quick ratio of 112.77, a current ratio of 112.77 and a debt-to-equity ratio of 9.83. The firm has a market capitalization of $2.33 billion, a P/E ratio of 11.25 and a beta of 0.81.
Nelnet (NYSE:NNI) last issued its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The business had revenue of $257.96 million for the quarter. Nelnet had a return on equity of 9.45% and a net margin of 17.02%.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 30th.
Separately, ValuEngine lowered Nelnet from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th.
Institutional investors have recently modified their holdings of the stock. Zebra Capital Management LLC acquired a new stake in Nelnet during the 2nd quarter worth $588,000. Boston Partners raised its stake in Nelnet by 0.4% during the 2nd quarter. Boston Partners now owns 1,187,010 shares of the credit services provider’s stock worth $69,333,000 after buying an additional 5,062 shares during the period. Bank of New York Mellon Corp raised its stake in Nelnet by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 160,580 shares of the credit services provider’s stock worth $9,380,000 after buying an additional 2,157 shares during the period. Wells Fargo & Company MN raised its stake in Nelnet by 4.0% during the 1st quarter. Wells Fargo & Company MN now owns 40,405 shares of the credit services provider’s stock worth $2,118,000 after buying an additional 1,563 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Nelnet by 21.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 232,008 shares of the credit services provider’s stock worth $12,160,000 after buying an additional 41,386 shares during the period. 37.46% of the stock is currently owned by institutional investors and hedge funds.
Nelnet Company Profile
Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.
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