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

Nelnet, Inc. (NYSE:NNI) insider William J. Munn sold 2,500 shares of Nelnet stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $108.89, for a total transaction of $272,225.00. Following the transaction, the insider now directly owns 9,354 shares of the company’s stock, valued at approximately $1,018,557.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nelnet Price Performance

NNI stock opened at $110.52 on Thursday. Nelnet, Inc. has a 1 year low of $82.22 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. The firm has a market capitalization of $4.01 billion, a PE ratio of 36.36 and a beta of 0.92. The business has a 50 day simple moving average of $113.01 and a 200-day simple moving average of $108.14.

Nelnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, December 2nd. Nelnet’s dividend payout ratio is currently 36.84%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in Nelnet by 20.3% in the third quarter. FMR LLC now owns 556 shares of the credit services provider’s stock valued at $63,000 after buying an additional 94 shares during the last quarter. Covestor Ltd raised its stake in shares of Nelnet by 139.2% in the 1st quarter. Covestor Ltd now owns 806 shares of the credit services provider’s stock valued at $76,000 after acquiring an additional 469 shares during the period. SG Americas Securities LLC acquired a new position in shares of Nelnet in the 1st quarter worth approximately $209,000. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Nelnet during the 2nd quarter worth approximately $212,000. Finally, ProShare Advisors LLC purchased a new position in shares of Nelnet during the 1st quarter worth approximately $220,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on NNI shares. StockNews.com lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. TD Cowen boosted their price objective on Nelnet from $96.00 to $98.00 and gave the stock a “hold” rating in a research note on Monday, August 12th.

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.