Nelnet, Inc. $NNI Position Lifted by Sycale Advisors NY LLC

Sycale Advisors NY LLC raised its holdings in shares of Nelnet, Inc. (NYSE:NNI) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,441 shares of the credit services provider’s stock after acquiring an additional 5,080 shares during the quarter. Nelnet makes up 6.3% of Sycale Advisors NY LLC’s portfolio, making the stock its 8th largest holding. Sycale Advisors NY LLC’s holdings in Nelnet were worth $20,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wedge Capital Management L L P NC raised its position in shares of Nelnet by 0.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 8,742 shares of the credit services provider’s stock valued at $1,162,000 after purchasing an additional 81 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Nelnet by 6.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,353 shares of the credit services provider’s stock valued at $164,000 after purchasing an additional 83 shares during the period. Captrust Financial Advisors raised its position in shares of Nelnet by 0.6% during the 3rd quarter. Captrust Financial Advisors now owns 16,336 shares of the credit services provider’s stock valued at $2,048,000 after purchasing an additional 94 shares during the period. Alliancebernstein L.P. raised its position in shares of Nelnet by 0.6% during the 3rd quarter. Alliancebernstein L.P. now owns 19,158 shares of the credit services provider’s stock valued at $2,402,000 after purchasing an additional 121 shares during the period. Finally, CWM LLC raised its position in shares of Nelnet by 7.1% during the 4th quarter. CWM LLC now owns 1,900 shares of the credit services provider’s stock valued at $253,000 after purchasing an additional 126 shares during the period. 33.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NNI has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of Nelnet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $140.00.

Nelnet Stock Performance

Shares of NYSE NNI opened at $130.22 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 24.07 and a current ratio of 24.07. The company has a market cap of $4.68 billion, a P/E ratio of 11.34 and a beta of 0.79. The firm’s fifty day moving average is $132.29 and its two-hundred day moving average is $132.08. Nelnet, Inc. has a 52-week low of $112.16 and a 52-week high of $144.38.

Nelnet (NYSE:NNI) last announced its quarterly earnings results on Thursday, May 7th. The credit services provider reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.72). The company had revenue of $419.06 million during the quarter, compared to the consensus estimate of $443.84 million. Nelnet had a net margin of 18.45% and a return on equity of 11.73%. As a group, analysts anticipate that Nelnet, Inc. will post 8.6 EPS for the current fiscal year.

Nelnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, June 1st. Nelnet’s dividend payout ratio (DPR) is presently 11.50%.

Nelnet Profile

Nelnet, Inc (NYSE: NNI) is a diversified education services company founded in 1978 and headquartered in Lincoln, Nebraska. Originally established as the National Education Loan Network by Michael S. Dunlap, the company has grown into a prominent provider of student loan servicing and education finance solutions in the United States.

At the core of Nelnet’s business is student loan servicing, where it administers and manages federal and private education loans on behalf of borrowers and lending partners.