9,000 Shares in Nelnet, Inc. $NNI Bought by Militia Capital Partners LP

Militia Capital Partners LP acquired a new position in shares of Nelnet, Inc. (NYSE:NNI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 9,000 shares of the credit services provider’s stock, valued at approximately $1,197,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Nelnet by 20.9% during the first quarter. AQR Capital Management LLC now owns 8,575 shares of the credit services provider’s stock worth $951,000 after purchasing an additional 1,485 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Nelnet by 2.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,694 shares of the credit services provider’s stock worth $1,297,000 after purchasing an additional 299 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Nelnet by 1,246.0% during the first quarter. Jones Financial Companies Lllp now owns 3,365 shares of the credit services provider’s stock worth $373,000 after purchasing an additional 3,115 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Nelnet by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,415 shares of the credit services provider’s stock worth $6,480,000 after purchasing an additional 3,923 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Nelnet by 583.3% during the first quarter. Jane Street Group LLC now owns 16,023 shares of the credit services provider’s stock worth $1,777,000 after purchasing an additional 13,678 shares in the last quarter. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Nelnet Stock Performance

Shares of NNI opened at $130.87 on Wednesday. The company has a 50-day simple moving average of $132.31 and a 200-day simple moving average of $132.08. The company has a quick ratio of 24.07, a current ratio of 24.07 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $4.70 billion, a PE ratio of 11.40 and a beta of 0.79. Nelnet, Inc. has a 52-week low of $112.61 and a 52-week high of $144.38.

Nelnet (NYSE:NNI) last announced its quarterly earnings results on Thursday, May 7th. The credit services provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.72). The company had revenue of $419.06 million during the quarter, compared to analysts’ expectations of $443.84 million. Nelnet had a net margin of 18.45% and a return on equity of 11.73%. Equities research analysts predict that Nelnet, Inc. will post 8.6 earnings per share for the current fiscal year.

Nelnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 1st. Nelnet’s dividend payout ratio (DPR) is currently 11.50%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, May 1st. Zacks Research cut shares of Nelnet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.00.

About Nelnet

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.