Christopher J. Hasenberg Inc Purchases New Position in Nelnet, Inc. (NYSE:NNI)

Christopher J. Hasenberg Inc acquired a new position in Nelnet, Inc. (NYSE:NNI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 360 shares of the credit services provider’s stock, valued at approximately $38,000.

A number of other large investors have also recently made changes to their positions in the business. Bar Harbor Wealth Management grew its stake in shares of Nelnet by 2.4% in the fourth quarter. Bar Harbor Wealth Management now owns 109,666 shares of the credit services provider’s stock worth $11,713,000 after acquiring an additional 2,577 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Nelnet by 8.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,902 shares of the credit services provider’s stock worth $630,000 after purchasing an additional 468 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nelnet by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 360,493 shares of the credit services provider’s stock valued at $40,846,000 after purchasing an additional 1,572 shares during the last quarter. Guardian Wealth Management Inc. grew its holdings in shares of Nelnet by 1.0% in the third quarter. Guardian Wealth Management Inc. now owns 46,886 shares of the credit services provider’s stock valued at $5,311,000 after purchasing an additional 459 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Nelnet by 127.4% in the 3rd quarter. Barclays PLC now owns 28,996 shares of the credit services provider’s stock valued at $3,285,000 after purchasing an additional 16,245 shares during the last quarter. 33.51% of the stock is currently owned by institutional investors.

Nelnet Stock Performance

NYSE NNI opened at $105.14 on Wednesday. The business has a fifty day moving average of $108.08 and a 200-day moving average of $109.78. The company has a quick ratio of 31.47, a current ratio of 31.47 and a debt-to-equity ratio of 2.78. Nelnet, Inc. has a fifty-two week low of $82.58 and a fifty-two week high of $127.32. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 34.59 and a beta of 0.91.

Nelnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, December 2nd. Nelnet’s dividend payout ratio is currently 36.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Nelnet from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Insider Buying and Selling at Nelnet

In other Nelnet news, insider William J. Munn sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total value of $272,225.00. Following the sale, the insider now owns 9,354 shares of the company’s stock, valued at $1,018,557.06. This trade represents a 21.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 50.10% of the stock is owned by corporate insiders.

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.