Swiss National Bank Has $2.22 Million Stake in Nelnet, Inc. (NYSE:NNI)

Swiss National Bank lifted its position in shares of Nelnet, Inc. (NYSE:NNI) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,100 shares of the credit services provider’s stock after buying an additional 700 shares during the period. Swiss National Bank’s holdings in Nelnet were worth $2,219,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mercator Fund Cayman Master LP bought a new position in shares of Nelnet during the fourth quarter worth approximately $22,792,000. California Public Employees Retirement System grew its stake in shares of Nelnet by 13.7% in the 3rd quarter. California Public Employees Retirement System now owns 69,153 shares of the credit services provider’s stock valued at $4,398,000 after buying an additional 8,310 shares during the period. Bessemer Group Inc. grew its stake in shares of Nelnet by 2.1% in the 4th quarter. Bessemer Group Inc. now owns 65,048 shares of the credit services provider’s stock valued at $3,788,000 after buying an additional 1,355 shares during the period. First Trust Advisors LP grew its stake in shares of Nelnet by 122.5% in the 4th quarter. First Trust Advisors LP now owns 52,387 shares of the credit services provider’s stock valued at $3,051,000 after buying an additional 28,844 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Nelnet by 1.4% in the 4th quarter. Rhumbline Advisers now owns 39,000 shares of the credit services provider’s stock valued at $2,271,000 after buying an additional 544 shares during the period. 36.62% of the stock is owned by institutional investors.

Separately, ValuEngine downgraded Nelnet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th.

NNI stock traded up $0.43 during mid-day trading on Wednesday, reaching $50.94. 816 shares of the company traded hands, compared to its average volume of 70,476. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 14.40 and a beta of 0.36. The company has a quick ratio of 47.39, a current ratio of 47.39 and a debt-to-equity ratio of 8.59. Nelnet, Inc. has a fifty-two week low of $50.10 and a fifty-two week high of $69.97. The firm’s 50 day moving average price is $57.98 and its 200 day moving average price is $61.52.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Thursday, February 27th. The credit services provider reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.11). The company had revenue of $288.11 million for the quarter. Nelnet had a net margin of 7.97% and a return on equity of 8.50%. During the same period in the prior year, the business earned $1.44 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.80 dividend on an annualized basis and a yield of 1.57%.

Nelnet Company Profile

Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.

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Institutional Ownership by Quarter for Nelnet (NYSE:NNI)

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