Nelnet, Inc. (NNI) Shares Bought by Nationwide Fund Advisors
Posted by Karim Khaledi on Apr 14th, 2016 // No Comments
Nationwide Fund Advisors boosted its stake in Nelnet, Inc. (NYSE:NNI) by 151.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,339 shares of the company’s stock after buying an additional 29,741 shares during the period. Nationwide Fund Advisors’ holdings in Nelnet were worth $1,656,000 as of its most recent filing with the SEC.
Separately, Thompson Siegel & Walmsley LLC raised its position in Nelnet by 76.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 553,698 shares of the company’s stock valued at $18,588,000 after buying an additional 239,726 shares during the period.
Shares of Nelnet, Inc. (NYSE:NNI) traded up 3.87% on Wednesday, reaching $40.83. 80,843 shares of the company’s stock were exchanged. Nelnet, Inc. has a one year low of $27.80 and a one year high of $46.83. The firm has a market capitalization of $1.76 billion and a P/E ratio of 6.94. The firm has a 50 day moving average of $39.06 and a 200 day moving average of $34.56.
Nelnet (NYSE:NNI) last issued its quarterly earnings data on Thursday, February 25th. The company reported $1.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.31. During the same period in the prior year, the company earned $1.60 earnings per share. On average, equities research analysts predict that Nelnet, Inc. will post $5.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, February 26th.
Separately, Compass Point upped their price target on shares of Nelnet from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, March 7th.
In related news, insider William J. Munn sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $38.84, for a total value of $38,840.00. Following the transaction, the insider now directly owns 25,948 shares of the company’s stock, valued at approximately $1,007,820.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nelnet, Inc is a provider of educational services in loan servicing, payment processing, education planning, and asset management. The Company’s products and services help students and families plan, prepare, and pay for their education and make the administrative and financial processes more efficient for schools and financial organizations.
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