Nelnet, Inc. $NNI Stock Holdings Raised by Sycale Advisors NY LLC

Sycale Advisors NY LLC grew its position in shares of Nelnet, Inc. (NYSE:NNI) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,441 shares of the credit services provider’s stock after buying an additional 5,080 shares during the quarter. Nelnet accounts for 6.3% of Sycale Advisors NY LLC’s portfolio, making the stock its 8th largest position. Sycale Advisors NY LLC owned about 0.42% of Nelnet worth $20,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC grew its holdings in shares of Nelnet by 0.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 8,742 shares of the credit services provider’s stock valued at $1,162,000 after buying an additional 81 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Nelnet by 6.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,353 shares of the credit services provider’s stock valued at $164,000 after buying an additional 83 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Nelnet by 0.6% during the third quarter. Captrust Financial Advisors now owns 16,336 shares of the credit services provider’s stock valued at $2,048,000 after buying an additional 94 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Nelnet by 0.6% during the third quarter. Alliancebernstein L.P. now owns 19,158 shares of the credit services provider’s stock valued at $2,402,000 after buying an additional 121 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Nelnet by 7.1% during the fourth quarter. CWM LLC now owns 1,900 shares of the credit services provider’s stock valued at $253,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Wall Street Analyst Weigh In

NNI has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a research 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.00.

Nelnet Trading Down 0.1%

Shares of NNI stock opened at $130.22 on Monday. Nelnet, Inc. has a 12-month low of $112.16 and a 12-month high of $144.38. The company has a current ratio of 24.07, a quick ratio of 24.07 and a debt-to-equity ratio of 2.14. The firm’s 50 day moving average is $132.29 and its 200 day moving average is $132.08. The stock has a market capitalization of $4.68 billion, a P/E ratio of 11.34 and a beta of 0.79.

Nelnet (NYSE:NNI) last issued its earnings results on Thursday, May 7th. The credit services provider reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 11.73% and a net margin of 18.45%. Research analysts expect that Nelnet, Inc. will post 8.6 earnings per share for the current year.

Nelnet Dividend Announcement

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

Nelnet Profile

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.