D. E. Shaw & Co. Inc. Has $6.42 Million Stock Position in Nelnet, Inc. (NYSE:NNI)

D. E. Shaw & Co. Inc. trimmed its position in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,145 shares of the credit services provider's stock after selling 9,505 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.17% of Nelnet worth $6,424,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in shares of Nelnet by 16,773.6% in 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Nelnet by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 1,347,756 shares of the credit services provider's stock worth $143,954,000 after purchasing an additional 99,885 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Nelnet by 30.7% during the fourth quarter. JPMorgan Chase & Co. now owns 172,480 shares of the credit services provider's stock worth $18,423,000 after purchasing an additional 40,476 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of Nelnet by 230.1% during the fourth quarter. Edgestream Partners L.P. now owns 24,797 shares of the credit services provider's stock worth $2,649,000 after buying an additional 17,285 shares during the last quarter. Finally, Barclays PLC lifted its position in Nelnet by 127.4% in the third quarter. Barclays PLC now owns 28,996 shares of the credit services provider's stock valued at $3,285,000 after purchasing an additional 16,245 shares during the period. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Nelnet Trading Up 0.3%

Shares of NYSE NNI traded up $0.38 during trading on Monday, hitting $118.88. 70,169 shares of the company traded hands, compared to its average volume of 58,988. 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 has a market capitalization of $4.31 billion, a P/E ratio of 39.11 and a beta of 0.93. The company has a 50-day moving average price of $109.26 and a 200-day moving average price of $109.93. Nelnet, Inc. has a 1 year low of $97.13 and a 1 year high of $127.32.

Nelnet (NYSE:NNI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The credit services provider reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.47. The firm had revenue of $398.49 million for the quarter, compared to analyst estimates of $393.00 million. Nelnet had a net margin of 5.54% and a return on equity of 3.78%. On average, equities analysts predict that Nelnet, Inc. will post 4.52 EPS for the current year.

Nelnet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, June 2nd. Nelnet's dividend payout ratio (DPR) is 21.17%.

Nelnet declared that its board has initiated a stock repurchase plan on Thursday, May 8th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Nelnet from a "hold" rating to a "buy" rating in a research report 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.