Nelnet, Inc. (NYSE:NNI) Position Lowered by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. reduced its position in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,160 shares of the credit services provider's stock after selling 2,726 shares during the quarter. Nelnet accounts for approximately 3.2% of Guardian Wealth Management Inc.'s investment portfolio, making the stock its 8th biggest holding. Guardian Wealth Management Inc. owned approximately 0.12% of Nelnet worth $4,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NNI. Price T Rowe Associates Inc. MD increased its holdings in Nelnet by 19.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,125 shares of the credit services provider's stock worth $975,000 after acquiring an additional 1,460 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Nelnet during the fourth quarter worth about $228,000. MetLife Investment Management LLC raised its position in shares of Nelnet by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 8,510 shares of the credit services provider's stock worth $909,000 after purchasing an additional 151 shares during the last quarter. Barclays PLC lifted its stake in Nelnet by 5.7% in the 4th quarter. Barclays PLC now owns 30,649 shares of the credit services provider's stock valued at $3,273,000 after buying an additional 1,653 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Nelnet by 796.0% in the 4th quarter. Sterling Capital Management LLC now owns 448 shares of the credit services provider's stock worth $48,000 after buying an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 33.51% of the company's stock.

Nelnet Price Performance

NNI traded up $1.09 on Tuesday, hitting $107.69. 8,482 shares of the company's stock were exchanged, compared to its average volume of 50,129. Nelnet, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $127.32. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 35.42 and a beta of 0.88. The firm has a 50-day moving average price of $110.66 and a 200-day moving average price of $110.19. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78.

Nelnet (NYSE:NNI - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The credit services provider reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.21. The firm had revenue of $401.61 million for the quarter, compared to the consensus estimate of $335.00 million. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. As a group, equities analysts anticipate that Nelnet, Inc. will post 4.52 earnings per share for the current year.

Nelnet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 1.04%. Nelnet's payout ratio is 22.40%.

Analyst Upgrades and Downgrades

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

Nelnet Company 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.