11,992 Shares in Nelnet, Inc. $NNI Bought by SG Americas Securities LLC

Key Points

• SG Americas Securities established a new Q4 stake in Nelnet (NYSE:NNI) of 11,992 shares, valued at about $1.59 million.
• Nelnet's recent quarter showed EPS of $1.56 (a $0.07 miss) while revenue beat at $392.8 million, with a net margin of 18.99% and return on equity of 12.43%.
• The company recently paid a $0.33 quarterly dividend (annualized $1.32, ~1.0% yield), has a $4.72 billion market cap, and a consensus analyst price target of $140 with a "Moderate Buy" rating.

SG Americas Securities LLC bought a new stake in Nelnet, Inc. (NYSE:NNI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,992 shares of the credit services provider's stock, valued at approximately $1,594,000.

Several other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in shares of Nelnet by 189.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 368 shares of the credit services provider's stock valued at $46,000 after purchasing an additional 241 shares in the last quarter. Osaic Holdings Inc. increased its stake in Nelnet by 170.3% during the 2nd quarter. Osaic Holdings Inc. now owns 373 shares of the credit services provider's stock worth $45,000 after purchasing an additional 235 shares in the last quarter. State of Wyoming acquired a new stake in Nelnet during the 2nd quarter worth approximately $62,000. EverSource Wealth Advisors LLC raised its holdings in Nelnet by 137.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 541 shares of the credit services provider's stock worth $66,000 after buying an additional 313 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Nelnet in the third quarter valued at approximately $86,000. 33.51% of the stock is currently owned by institutional investors.

Nelnet Stock Up 1.7%

NYSE:NNI opened at $131.62 on Tuesday. The stock has a 50-day simple moving average of $130.31 and a 200 day simple moving average of $130.83. Nelnet, Inc. has a 52-week low of $98.15 and a 52-week high of $142.87. The company has a market cap of $4.72 billion, a PE ratio of 11.18 and a beta of 0.81. The company has a debt-to-equity ratio of 2.18, a quick ratio of 28.27 and a current ratio of 28.27.

Nelnet (NYSE:NNI - Get Free Report) last released its earnings results on Thursday, February 26th. The credit services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.07). Nelnet had a net margin of 18.99% and a return on equity of 12.43%. The firm had revenue of $392.76 million during the quarter, compared to the consensus estimate of $382.00 million. On average, sell-side analysts expect that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Nelnet's payout ratio is currently 11.21%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NNI shares. TD Cowen reissued a "hold" rating on shares of Nelnet in a research report on Thursday, January 8th. Zacks Research upgraded shares of Nelnet from a "hold" rating to a "strong-buy" rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

Nelnet Profile

Nelnet, Inc NYSE: NNI is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet's business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.

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