Nelnet, Inc. (NNI) Major Shareholder Angie Muhleisen Sells 1,000 Shares

Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $56.42, for a total value of $56,420.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Angie Muhleisen also recently made the following trade(s):

  • On Wednesday, September 19th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were sold at an average price of $58.22, for a total value of $58,220.00.
  • On Wednesday, August 15th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were sold at an average price of $56.42, for a total value of $56,420.00.

NYSE:NNI traded down $1.14 during trading hours on Friday, hitting $54.70. 3,497 shares of the company’s stock traded hands, compared to its average volume of 56,891. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.04 and a beta of 0.81. Nelnet, Inc. has a twelve month low of $48.30 and a twelve month high of $64.00. The company has a current ratio of 112.77, a quick ratio of 112.77 and a debt-to-equity ratio of 9.83.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. Nelnet had a return on equity of 9.45% and a net margin of 17.02%. The firm had revenue of $257.96 million for the quarter.

Separately, ValuEngine lowered Nelnet from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th.

A number of hedge funds have recently modified their holdings of NNI. Wells Fargo & Company MN increased its position in Nelnet by 4.0% in the 1st quarter. Wells Fargo & Company MN now owns 40,405 shares of the credit services provider’s stock worth $2,118,000 after purchasing an additional 1,563 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Nelnet during the 1st quarter worth about $100,000. GSA Capital Partners LLP bought a new stake in shares of Nelnet during the 1st quarter worth about $502,000. Element Capital Management LLC bought a new stake in shares of Nelnet during the 1st quarter worth about $342,000. Finally, Millennium Management LLC boosted its stake in shares of Nelnet by 26.2% during the 1st quarter. Millennium Management LLC now owns 18,818 shares of the credit services provider’s stock worth $986,000 after acquiring an additional 3,911 shares in the last quarter. 37.43% of the stock is currently owned by institutional investors.

About Nelnet

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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