Nelnet, Inc. (NYSE:NNI) Insider Sells $272,225.00 in Stock

Nelnet, Inc. (NYSE:NNI) insider William J. Munn sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total transaction of $272,225.00. Following the transaction, the insider now owns 9,354 shares in the company, valued at approximately $1,018,557.06. The trade was a 21.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Nelnet Trading Down 0.3 %

Shares of Nelnet stock opened at $109.34 on Friday. The firm has a 50-day moving average of $112.97 and a 200-day moving average of $108.15. The stock has a market cap of $3.96 billion, a PE ratio of 35.97 and a beta of 0.92. Nelnet, Inc. has a 52-week low of $82.22 and a 52-week high of $127.32. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47.

Nelnet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. Nelnet’s payout ratio is presently 36.84%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NNI shares. StockNews.com cut shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. TD Cowen lifted their price objective on shares of Nelnet from $96.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, August 12th.

Institutional Investors Weigh In On Nelnet

A number of institutional investors have recently modified their holdings of NNI. Guardian Wealth Management Inc. lifted its position in Nelnet by 1.0% during the third quarter. Guardian Wealth Management Inc. now owns 46,886 shares of the credit services provider’s stock worth $5,311,000 after purchasing an additional 459 shares during the period. Barclays PLC increased its stake in shares of Nelnet by 127.4% in the third quarter. Barclays PLC now owns 28,996 shares of the credit services provider’s stock valued at $3,285,000 after buying an additional 16,245 shares during the period. MML Investors Services LLC increased its stake in shares of 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 buying an additional 157 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Nelnet in the third quarter valued at approximately $851,000. Finally, Crawford Fund Management LLC boosted its holdings in shares of Nelnet by 0.4% during the 3rd quarter. Crawford Fund Management LLC now owns 57,787 shares of the credit services provider’s stock worth $6,546,000 after buying an additional 217 shares in the last quarter. Institutional investors own 33.51% of the company’s stock.

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.