Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $52.56, for a total transaction of $105,120.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, December 22nd, Angie Muhleisen sold 2,000 shares of Nelnet stock. The shares were sold at an average price of $53.25, for a total transaction of $106,500.00.
  • On Tuesday, November 21st, Angie Muhleisen sold 2,000 shares of Nelnet stock. The shares were sold at an average price of $52.75, for a total transaction of $105,500.00.

Nelnet, Inc. (NYSE:NNI) traded up $0.07 during trading on Tuesday, hitting $52.79. 48,283 shares of the stock traded hands, compared to its average volume of 94,527. The company has a market capitalization of $2,170.00, a PE ratio of 10.06 and a beta of 1.04. The company has a debt-to-equity ratio of 10.44, a quick ratio of 159.08 and a current ratio of 159.08. Nelnet, Inc. has a 52-week low of $38.72 and a 52-week high of $59.68.

Nelnet (NYSE:NNI) last released its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.10). The company had revenue of $194.43 million for the quarter, compared to the consensus estimate of $191.00 million. Nelnet had a net margin of 17.51% and a return on equity of 8.70%. The company’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS.

Several equities analysts have weighed in on the stock. Credit Suisse Group lifted their price target on shares of Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Compass Point raised shares of Nelnet from a “neutral” rating to a “buy” rating in a report on Thursday, October 19th.

Several institutional investors have recently added to or reduced their stakes in NNI. Public Employees Retirement System of Ohio raised its position in shares of Nelnet by 6.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,156 shares of the credit services provider’s stock valued at $101,000 after buying an additional 123 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Nelnet by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,104 shares of the credit services provider’s stock valued at $146,000 after buying an additional 464 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Nelnet during the third quarter valued at approximately $174,000. BNP Paribas Arbitrage SA raised its position in shares of Nelnet by 168.3% during the second quarter. BNP Paribas Arbitrage SA now owns 4,304 shares of the credit services provider’s stock valued at $202,000 after buying an additional 2,700 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Nelnet during the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 39.65% of the company’s stock.

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Nelnet Company Profile

Nelnet, Inc focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company’s segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.

Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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