Nelnet, Inc. (NYSE:NNI) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its position in Nelnet, Inc. (NYSE:NNI) by 16,773.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 482,247 shares of the credit services provider’s stock after acquiring an additional 479,389 shares during the period. Proficio Capital Partners LLC owned approximately 1.33% of Nelnet worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NNI. Kingsview Wealth Management LLC purchased a new position in shares of Nelnet in the third quarter worth $2,613,000. Barclays PLC raised its holdings in shares of Nelnet by 127.4% in the third quarter. Barclays PLC now owns 28,996 shares of the credit services provider’s stock worth $3,285,000 after buying an additional 16,245 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Nelnet in the third quarter worth $851,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Nelnet by 0.5% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,187,527 shares of the credit services provider’s stock worth $126,840,000 after buying an additional 5,708 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Nelnet in the third quarter worth $323,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Nelnet Trading Down 2.1 %

Shares of Nelnet stock opened at $115.74 on Tuesday. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47. The firm has a fifty day moving average price of $111.08 and a 200 day moving average price of $111.12. Nelnet, Inc. has a 1 year low of $87.02 and a 1 year high of $127.32. The stock has a market cap of $4.20 billion, a PE ratio of 38.07 and a beta of 0.89.

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

Nelnet Dividend Announcement

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

Wall Street Analyst Weigh In

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

Nelnet Company 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.