UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.52 Million Stock Holdings in Nelnet, Inc. (NYSE:NNI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Nelnet, Inc. (NYSE:NNI) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,714 shares of the credit services provider’s stock after selling 225 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Nelnet worth $5,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of 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 period. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Nelnet in the second quarter valued at approximately $212,000. Quest Partners LLC boosted its position in shares of 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 period. Landscape Capital Management L.L.C. bought a new stake in shares of Nelnet in the third quarter valued at approximately $288,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Nelnet in the third quarter valued at approximately $306,000. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Stock Up 0.0 %

Shares of NNI stock opened at $108.33 on Wednesday. The stock has a market cap of $3.93 billion, a P/E ratio of 35.63 and a beta of 0.90. Nelnet, Inc. has a one year low of $82.22 and a one year high of $127.32. The stock has a fifty day moving average price of $111.56 and a 200 day moving average price of $108.93. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47.

Nelnet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.03%. Nelnet’s dividend payout ratio (DPR) is currently 36.84%.

Insider Buying and Selling

In other Nelnet news, insider William J. Munn sold 2,500 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total transaction of $272,225.00. Following the completion of the transaction, the insider now directly owns 9,354 shares in the company, valued at $1,018,557.06. This represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 50.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Nelnet from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

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.