Anchor Capital Advisors LLC Has $1.11 Million Position in Nelnet, Inc. (NYSE:NNI)

Anchor Capital Advisors LLC grew its stake in shares of Nelnet, Inc. (NYSE:NNI) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,548 shares of the credit services provider’s stock after acquiring an additional 1,853 shares during the period. Anchor Capital Advisors LLC’s holdings in Nelnet were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sycale Advisors NY LLC raised its holdings in shares of Nelnet by 20.6% during the 3rd quarter. Sycale Advisors NY LLC now owns 315,405 shares of the credit services provider’s stock worth $28,172,000 after buying an additional 53,853 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Nelnet by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 189,990 shares of the credit services provider’s stock valued at $16,970,000 after purchasing an additional 2,064 shares in the last quarter. Bar Harbor Wealth Management grew its holdings in shares of Nelnet by 0.9% during 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 purchasing an additional 952 shares during the last quarter. HighTower Advisors LLC increased its position in Nelnet by 5.4% during the 3rd quarter. HighTower Advisors LLC now owns 62,810 shares of the credit services provider’s stock worth $5,609,000 after purchasing an additional 3,244 shares in the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of Nelnet by 21.5% during the 4th quarter. Denali Advisors LLC now owns 48,510 shares of the credit services provider’s stock valued at $4,280,000 after acquiring an additional 8,600 shares in the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Stock Down 0.6 %

NNI stock traded down $0.53 during trading on Tuesday, reaching $93.85. 11,376 shares of the stock were exchanged, compared to its average volume of 89,624. The company has a current ratio of 35.15, a quick ratio of 35.15 and a debt-to-equity ratio of 3.67. Nelnet, Inc. has a twelve month low of $81.67 and a twelve month high of $101.60. The firm’s 50 day moving average is $91.28 and its 200 day moving average is $88.23. The firm has a market cap of $3.48 billion, a P/E ratio of 38.72 and a beta of 0.85.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Tuesday, February 27th. The credit services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($1.19). The company had revenue of $260.66 million during the quarter. Nelnet had a net margin of 4.43% and a return on equity of 3.81%. As a group, research analysts forecast that Nelnet, Inc. will post 5.15 EPS for the current year.

Nelnet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, February 29th. Nelnet’s dividend payout ratio (DPR) is presently 45.90%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Nelnet from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

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.