Nelnet, Inc. (NYSE:NNI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,997,981 shares of the credit services provider's stock after selling 35,232 shares during the period. Dimensional Fund Advisors LP owned 5.51% of Nelnet worth $213,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Nelnet by 20.3% during the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider's stock worth $63,000 after buying an additional 94 shares during the last quarter. MML Investors Services LLC lifted its position in Nelnet by 7.4% in the third quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider's stock valued at $258,000 after acquiring an additional 157 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in Nelnet in the fourth quarter valued at $38,000. Blue Trust Inc. grew its holdings in shares of Nelnet by 1,293.1% during the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider's stock worth $46,000 after purchasing an additional 375 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Nelnet by 8.6% during the fourth quarter. QRG Capital Management Inc. now owns 4,852 shares of the credit services provider's stock worth $518,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 33.51% of the company's stock.

Nelnet Stock Performance

Nelnet stock traded up $0.21 during midday trading on Monday, hitting $105.97. 4,300 shares of the company's stock were exchanged, compared to its average volume of 59,911. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 34.96 and a beta of 0.88. Nelnet, Inc. has a 12-month low of $93.69 and a 12-month high of $127.32. The firm's 50 day simple moving average is $110.80 and its 200 day simple moving average is $110.23.

Nelnet (NYSE:NNI - Get Free Report) last issued its quarterly 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. The firm had revenue of $401.61 million for the quarter, compared to analysts' expectations of $335.00 million. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. Equities research analysts predict that Nelnet, Inc. will post 4.52 EPS for the current year.

Nelnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, February 28th. Nelnet's dividend payout ratio (DPR) is presently 22.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.