Edgestream Partners L.P. Buys 17,285 Shares of Nelnet, Inc. (NYSE:NNI)

Edgestream Partners L.P. lifted its holdings in Nelnet, Inc. (NYSE:NNI - Free Report) by 230.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,797 shares of the credit services provider's stock after purchasing an additional 17,285 shares during the period. Edgestream Partners L.P. owned 0.07% of Nelnet worth $2,649,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NNI. Kingsview Wealth Management LLC acquired a new stake in shares of Nelnet during the 3rd quarter valued at about $2,613,000. Proficio Capital Partners LLC lifted its stake in shares of Nelnet by 16,773.6% during the fourth quarter. Proficio Capital Partners LLC now owns 482,247 shares of the credit services provider's stock valued at $482,000 after acquiring an additional 479,389 shares during the period. MML Investors Services LLC boosted its stake in shares of Nelnet by 7.4% in the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider's stock valued at $258,000 after purchasing an additional 157 shares during the last quarter. Barclays PLC raised its stake in shares of Nelnet by 127.4% during the third quarter. Barclays PLC now owns 28,996 shares of the credit services provider's stock worth $3,285,000 after buying an additional 16,245 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Nelnet in the 3rd quarter valued at $323,000. 33.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Nelnet Price Performance

Nelnet stock traded down $1.88 during mid-day trading on Thursday, reaching $113.53. 36,842 shares of the company were exchanged, compared to its average volume of 44,064. The firm has a market cap of $4.12 billion, a PE ratio of 37.35 and a beta of 0.89. Nelnet, Inc. has a 12 month low of $87.02 and a 12 month high of $127.32. 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 company has a fifty day simple moving average of $111.41 and a 200-day simple moving average of $111.16.

Nelnet (NYSE:NNI - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The credit services provider reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.21. The business had revenue of $401.61 million for the quarter, compared to analyst estimates of $335.00 million. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. As a group, equities research analysts expect that Nelnet, Inc. will post 4.52 earnings per share for the current fiscal year.

Nelnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. Nelnet's dividend payout ratio is currently 22.40%.

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.