Farmers & Merchants Investments Inc. Trims Position in Nelnet, Inc. (NYSE:NNI)

Farmers & Merchants Investments Inc. decreased its position in shares of Nelnet, Inc. (NYSE:NNI - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,189,726 shares of the credit services provider's stock after selling 176,030 shares during the quarter. Nelnet accounts for approximately 3.8% of Farmers & Merchants Investments Inc.'s investment portfolio, making the stock its 3rd largest position. Farmers & Merchants Investments Inc. owned 3.19% of Nelnet worth $104,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Denali Advisors LLC raised its holdings in Nelnet by 21.5% in the 4th quarter. Denali Advisors LLC now owns 48,510 shares of the credit services provider's stock valued at $4,280,000 after buying an additional 8,600 shares during the last quarter. Bar Harbor Wealth Management raised its holdings in Nelnet by 0.9% in the 4th quarter. Bar Harbor Wealth Management now owns 105,992 shares of the credit services provider's stock valued at $9,351,000 after buying an additional 952 shares during the last quarter. Deutsche Bank AG increased its position in Nelnet by 15.8% during the 3rd quarter. Deutsche Bank AG now owns 7,070 shares of the credit services provider's stock valued at $631,000 after purchasing an additional 966 shares during the period. Graham Capital Management L.P. acquired a new stake in Nelnet during the 3rd quarter valued at approximately $238,000. Finally, Creative Planning increased its position in Nelnet by 37.1% during the 3rd quarter. Creative Planning now owns 3,134 shares of the credit services provider's stock valued at $280,000 after purchasing an additional 848 shares during the period. Institutional investors own 33.51% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Nelnet from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th.

Nelnet Stock Down 1.0 %

NYSE NNI traded down $0.95 during mid-day trading on Thursday, hitting $93.66. The company's stock had a trading volume of 90,743 shares, compared to its average volume of 92,324. The company's 50 day simple moving average is $89.49 and its 200 day simple moving average is $87.65. Nelnet, Inc. has a twelve month low of $81.67 and a twelve month high of $101.60. The company has a current ratio of 35.15, a quick ratio of 35.15 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 38.39 and a beta of 0.86.

Nelnet (NYSE:NNI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $1.15 by ($1.19). Nelnet had a net margin of 4.43% and a return on equity of 3.81%. The company had revenue of $260.66 million for the quarter. Analysts anticipate that Nelnet, Inc. will post 5.2 earnings per share for the current year.

Nelnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, February 29th. Nelnet's dividend payout ratio (DPR) is currently 45.90%.

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.