Barclays PLC Has $3.29 Million Stock Position in Nelnet, Inc. (NYSE:NNI)

Barclays PLC grew its position in Nelnet, Inc. (NYSE:NNI - Free Report) by 127.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,996 shares of the credit services provider's stock after acquiring an additional 16,245 shares during the period. Barclays PLC owned 0.08% of Nelnet worth $3,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. increased its position in Nelnet by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 122,055 shares of the credit services provider's stock valued at $12,310,000 after acquiring an additional 5,752 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Nelnet by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 118,046 shares of the credit services provider's stock valued at $11,906,000 after purchasing an additional 1,280 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE raised its position in Nelnet by 0.9% in the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 102,586 shares of the credit services provider's stock worth $10,347,000 after purchasing an additional 910 shares during the last quarter. Denali Advisors LLC lifted its holdings in Nelnet by 33.0% during the 2nd quarter. Denali Advisors LLC now owns 64,510 shares of the credit services provider's stock worth $6,506,000 after buying an additional 16,000 shares in the last quarter. Finally, Crawford Fund Management LLC boosted its position in Nelnet by 0.4% in the 3rd quarter. Crawford Fund Management LLC now owns 57,787 shares of the credit services provider's stock valued at $6,546,000 after buying an additional 217 shares during the last quarter. 33.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nelnet

In other news, insider William J. Munn sold 2,500 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total transaction of $272,225.00. Following the completion of the transaction, the insider now directly owns 9,354 shares in the company, valued at approximately $1,018,557.06. The trade was a 21.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Nelnet from a "hold" rating to a "buy" rating in a research report on Friday, December 6th.

Nelnet Trading Up 1.4 %

Shares of NYSE NNI traded up $1.49 during mid-day trading on Tuesday, hitting $106.35. The company's stock had a trading volume of 33,923 shares, compared to its average volume of 73,547. Nelnet, Inc. has a one year low of $82.22 and a one year high of $127.32. The company's fifty day simple moving average is $110.65 and its 200-day simple moving average is $109.15. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 34.98 and a beta of 0.90.

Nelnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, December 2nd. Nelnet's payout ratio is 36.84%.

Nelnet Company 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.