Landscape Capital Management L.L.C. Makes New Investment in Nelnet, Inc. (NYSE:NNI)

Landscape Capital Management L.L.C. acquired a new stake in shares of Nelnet, Inc. (NYSE:NNI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,546 shares of the credit services provider’s stock, valued at approximately $288,000.

A number of other large investors also recently modified their holdings of NNI. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Nelnet in the second quarter valued at about $212,000. ProShare Advisors LLC bought a new stake in Nelnet during the 1st quarter valued at approximately $220,000. Quest Partners LLC lifted its holdings in Nelnet by 34,283.3% in the 3rd quarter. Quest Partners LLC now owns 2,063 shares of the credit services provider’s stock worth $234,000 after purchasing an additional 2,057 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Nelnet during the third quarter valued at approximately $306,000. Finally, Intech Investment Management LLC purchased a new position in shares of Nelnet in the third quarter worth $323,000. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Insider Buying and Selling

In related news, insider William J. Munn sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total value of $272,225.00. Following the completion of the sale, the insider now directly owns 9,354 shares in the company, valued at $1,018,557.06. This trade represents a 21.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 50.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NNI has been the topic of a number of research reports. TD Cowen lifted their price target on shares of Nelnet from $96.00 to $98.00 and gave the company a “hold” rating in a report on Monday, August 12th. StockNews.com cut Nelnet from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Nelnet Stock Up 1.9 %

NYSE NNI opened at $107.93 on Monday. The company has a market capitalization of $3.92 billion, a P/E ratio of 35.50 and a beta of 0.92. The stock has a 50 day moving average price of $112.52 and a 200-day moving average price of $108.71. 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, Inc. has a one year low of $82.22 and a one year high of $127.32.

Nelnet Dividend Announcement

The firm also recently declared 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 1.04%. The ex-dividend date is Monday, December 2nd. Nelnet’s payout ratio is 36.84%.

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.