9,000 Shares in Nelnet, Inc. (NYSE:NNI) Acquired by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd bought a new position in Nelnet, Inc. (NYSE:NNI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,000 shares of the credit services provider's stock, valued at approximately $961,000. Nelnet accounts for 0.8% of Pilgrim Partners Asia Pte Ltd's holdings, making the stock its 25th largest holding.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in Nelnet by 25.1% during the 4th quarter. HighTower Advisors LLC now owns 76,896 shares of the credit services provider's stock valued at $8,213,000 after purchasing an additional 15,445 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Nelnet by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 201,969 shares of the credit services provider's stock worth $21,572,000 after buying an additional 2,778 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Nelnet by 16,773.6% in the 4th quarter. Proficio Capital Partners LLC now owns 482,247 shares of the credit services provider's stock valued at $482,000 after purchasing an additional 479,389 shares during the period. Edgestream Partners L.P. lifted its holdings in Nelnet by 230.1% during the 4th quarter. Edgestream Partners L.P. now owns 24,797 shares of the credit services provider's stock worth $2,649,000 after purchasing an additional 17,285 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Nelnet in the fourth quarter valued at approximately $1,004,000. Institutional investors and hedge funds own 33.51% of the company's stock.

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Nelnet Price Performance

NYSE NNI traded down $4.10 during trading hours on Thursday, reaching $103.06. The company's stock had a trading volume of 12,741 shares, compared to its average volume of 50,553. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 33.90 and a beta of 0.88. The company has a quick ratio of 31.47, a current ratio of 31.47 and a debt-to-equity ratio of 2.78. The firm's 50-day moving average price is $112.38 and its 200-day moving average price is $110.78. Nelnet, Inc. has a 1 year low of $92.34 and a 1 year high of $127.32.

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

Nelnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, February 28th. Nelnet's dividend payout ratio (DPR) is currently 22.40%.

Analyst Ratings Changes

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

About Nelnet

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.