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

Christopher J. Hasenberg Inc purchased a new position in Nelnet, Inc. (NYSE:NNI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 360 shares of the credit services provider’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NNI. Rhumbline Advisers grew its stake in Nelnet by 5.2% in the 2nd quarter. Rhumbline Advisers now owns 31,608 shares of the credit services provider’s stock valued at $3,188,000 after buying an additional 1,570 shares in the last quarter. American Century Companies Inc. lifted its holdings in Nelnet by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 122,055 shares of the credit services provider’s stock worth $12,310,000 after purchasing an additional 5,752 shares in the last quarter. Renaissance Technologies LLC bought a new position in Nelnet in the 2nd quarter worth about $4,660,000. Denali Advisors LLC grew its holdings in Nelnet by 33.0% during the 2nd quarter. Denali Advisors LLC now owns 64,510 shares of the credit services provider’s stock valued at $6,506,000 after buying an additional 16,000 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Nelnet by 34.9% during the second quarter. Hsbc Holdings PLC now owns 3,443 shares of the credit services provider’s stock valued at $348,000 after buying an additional 890 shares during the period. Institutional investors and hedge funds own 33.51% of the company’s stock.

Nelnet Price Performance

NYSE NNI opened at $105.14 on Wednesday. The business’s fifty day moving average price is $108.08 and its 200-day moving average price is $109.78. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 34.59 and a beta of 0.91. Nelnet, Inc. has a 1-year low of $82.58 and a 1-year high of $127.32. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47.

Nelnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.07%. Nelnet’s dividend payout ratio (DPR) is presently 36.84%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, insider William J. Munn sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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. The trade was a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 50.10% of the stock is owned by insiders.

Nelnet 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.