Guardian Wealth Management Inc. Has $4.72 Million Position in Nelnet, Inc. (NYSE:NNI)

Guardian Wealth Management Inc. trimmed its holdings in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,160 shares of the credit services provider's stock after selling 2,726 shares during the quarter. Nelnet accounts for about 3.2% of Guardian Wealth Management Inc.'s investment portfolio, making the stock its 8th biggest position. Guardian Wealth Management Inc. owned approximately 0.12% of Nelnet worth $4,717,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NNI. FMR LLC increased its stake in shares of Nelnet by 20.3% during the third quarter. FMR LLC now owns 556 shares of the credit services provider's stock valued at $63,000 after acquiring an additional 94 shares during the period. MetLife Investment Management LLC raised its stake in shares of Nelnet by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 8,510 shares of the credit services provider's stock worth $909,000 after buying an additional 151 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Nelnet by 7.4% in the third quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider's stock valued at $258,000 after buying an additional 157 shares during the period. Christopher J. Hasenberg Inc bought a new position in Nelnet during the fourth quarter valued at about $38,000. Finally, Blue Trust Inc. grew its holdings in Nelnet by 1,293.1% during the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider's stock worth $46,000 after acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 33.51% of the company's stock.

Nelnet Trading Up 0.8 %

Shares of NYSE:NNI traded up $0.88 during mid-day trading on Monday, hitting $106.64. The stock had a trading volume of 47,309 shares, compared to its average volume of 60,072. The company has a market cap of $3.87 billion, a PE ratio of 35.08 and a beta of 0.88. Nelnet, Inc. has a 12-month low of $93.69 and a 12-month high of $127.32. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. The company's 50 day moving average is $110.80 and its 200-day moving average is $110.23.

Nelnet (NYSE:NNI - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.21. Nelnet had a net margin of 5.54% and a return on equity of 3.78%. The business had revenue of $401.61 million during the quarter, compared to analyst estimates of $335.00 million. On average, sell-side analysts predict that Nelnet, Inc. will post 4.52 EPS for the current year.

Nelnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.05%. Nelnet's dividend payout ratio (DPR) is currently 22.40%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Nelnet from a "hold" rating to a "buy" rating in a research note on Tuesday, March 4th.

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.