Nelnet, Inc. (NYSE:NNI) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Nelnet, Inc. (NYSE:NNI) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 201,969 shares of the credit services provider’s stock after buying an additional 2,778 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.56% of Nelnet worth $21,572,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Nelnet by 20.3% during the third quarter. FMR LLC now owns 556 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 94 shares in the last quarter. D.A. Davidson & CO. increased its stake in Nelnet by 0.8% in the 3rd quarter. D.A. Davidson & CO. now owns 17,536 shares of the credit services provider’s stock worth $1,987,000 after purchasing an additional 136 shares in the last quarter. MML Investors Services LLC increased its stake in Nelnet by 7.4% in the 3rd 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 in the last quarter. Crawford Fund Management LLC increased its stake in Nelnet by 0.4% in the 3rd quarter. Crawford Fund Management LLC now owns 57,787 shares of the credit services provider’s stock worth $6,546,000 after purchasing an additional 217 shares in the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new position in Nelnet in the 4th quarter worth about $38,000. 33.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Nelnet Trading Down 1.2 %

Shares of NYSE NNI opened at $113.53 on Wednesday. Nelnet, Inc. has a one year low of $87.48 and a one year high of $127.32. The firm has a market capitalization of $4.12 billion, a PE ratio of 37.34 and a beta of 0.89. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78. The business has a 50-day moving average price of $112.10 and a two-hundred day moving average price of $111.15.

Nelnet (NYSE:NNI) last announced its quarterly earnings data on Thursday, February 27th. The credit services provider reported $1.44 EPS for the quarter, topping 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 firm had revenue of $401.61 million during the quarter, compared to analyst estimates of $335.00 million. As a group, analysts predict that Nelnet, Inc. will post 4.52 earnings per share for the current fiscal year.

Nelnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. Nelnet’s payout ratio is presently 22.40%.

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.