Anchor Capital Advisors LLC Boosts Holdings in Nelnet, Inc. (NYSE:NNI)

Anchor Capital Advisors LLC boosted its stake in Nelnet, Inc. (NYSE:NNI) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,548 shares of the credit services provider’s stock after buying an additional 1,853 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Nelnet were worth $1,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sycale Advisors NY LLC grew its stake in Nelnet by 20.6% during the 3rd quarter. Sycale Advisors NY LLC now owns 315,405 shares of the credit services provider’s stock worth $28,172,000 after buying an additional 53,853 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Nelnet by 280.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 23,986 shares of the credit services provider’s stock valued at $2,142,000 after purchasing an additional 17,686 shares during the period. Graham Capital Management L.P. bought a new position in shares of Nelnet during the third quarter worth about $238,000. Swiss National Bank lifted its stake in Nelnet by 0.9% during the third quarter. Swiss National Bank now owns 32,200 shares of the credit services provider’s stock worth $2,876,000 after purchasing an additional 300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Nelnet by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 189,990 shares of the credit services provider’s stock valued at $16,970,000 after acquiring an additional 2,064 shares during the period. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Nelnet from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

Nelnet Trading Down 0.6 %

NYSE:NNI traded down $0.53 on Tuesday, hitting $93.85. 11,376 shares of the stock were exchanged, compared to its average volume of 89,624. The company’s 50-day moving average price is $91.28 and its 200 day moving average price is $88.23. Nelnet, Inc. has a 52 week low of $81.67 and a 52 week high of $101.60. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 38.72 and a beta of 0.85. The company has a debt-to-equity ratio of 3.67, a quick ratio of 35.15 and a current ratio of 35.15.

Nelnet (NYSE:NNI) last issued its earnings results on Tuesday, February 27th. The credit services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($1.19). The firm had revenue of $260.66 million during the quarter. Nelnet had a net margin of 4.43% and a return on equity of 3.81%. On average, equities research analysts forecast that Nelnet, Inc. will post 5.15 earnings per share for the current year.

Nelnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, February 29th. Nelnet’s payout ratio is 45.90%.

Nelnet 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.