XTX Topco Ltd Makes New $535,000 Investment in Nelnet, Inc. (NYSE:NNI)

XTX Topco Ltd bought a new stake in Nelnet, Inc. (NYSE:NNI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,303 shares of the credit services provider's stock, valued at approximately $535,000.

Several other large investors have also made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in Nelnet by 34.9% during the 2nd quarter. Hsbc Holdings PLC now owns 3,443 shares of the credit services provider's stock valued at $348,000 after purchasing an additional 890 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Nelnet by 33.0% in the second quarter. Denali Advisors LLC now owns 64,510 shares of the credit services provider's stock valued at $6,506,000 after buying an additional 16,000 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Nelnet in the second quarter valued at about $4,660,000. Guardian Wealth Management Inc. raised its stake in shares of Nelnet by 1.2% in the second quarter. Guardian Wealth Management Inc. now owns 46,427 shares of the credit services provider's stock worth $4,683,000 after acquiring an additional 568 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Nelnet by 4.9% during the second quarter. American Century Companies Inc. now owns 122,055 shares of the credit services provider's stock valued at $12,310,000 after purchasing an additional 5,752 shares during the last quarter. Institutional investors own 33.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NNI. TD Cowen upped their price objective on Nelnet from $96.00 to $98.00 and gave the stock a "hold" rating in a report on Monday, August 12th. StockNews.com cut Nelnet from a "buy" rating to a "hold" rating in a report on Monday, August 12th.

Nelnet Trading Down 0.5 %

Shares of NNI traded down $0.51 on Wednesday, reaching $111.04. 23,343 shares of the company's stock were exchanged, compared to its average volume of 80,748. The business has a 50 day moving average price of $111.04 and a two-hundred day moving average price of $103.00. Nelnet, Inc. has a 12 month low of $81.67 and a 12 month high of $116.13. The stock has a market capitalization of $4.03 billion, a P/E ratio of 30.06 and a beta of 0.92. The company has a current ratio of 33.51, a quick ratio of 33.51 and a debt-to-equity ratio of 2.97.

Nelnet (NYSE:NNI - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The credit services provider reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.13). The company had revenue of $324.90 million for the quarter. Nelnet had a return on equity of 4.71% and a net margin of 7.44%. Research analysts anticipate that Nelnet, Inc. will post 5.9 earnings per share for the current year.

Nelnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. Nelnet's dividend payout ratio (DPR) is presently 30.27%.

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.