Nelnet, Inc. (NNI) Major Shareholder Sells $57,930.00 in Stock

Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $57.93, for a total value of $57,930.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Angie Muhleisen also recently made the following trade(s):

  • On Wednesday, March 20th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The stock was sold at an average price of $55.57, for a total value of $55,570.00.
  • On Wednesday, February 20th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were sold at an average price of $53.90, for a total value of $53,900.00.

Shares of Nelnet stock remained flat at $$63.09 on Friday. The company’s stock had a trading volume of 87,560 shares, compared to its average volume of 53,843. The company has a current ratio of 86.21, a quick ratio of 56.93 and a debt-to-equity ratio of 9.37. Nelnet, Inc. has a twelve month low of $47.59 and a twelve month high of $64.00. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 11.49 and a beta of 0.53.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.40. Nelnet had a return on equity of 9.66% and a net margin of 8.86%. The company had revenue of $264.94 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.18 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%.

Several large investors have recently bought and sold shares of NNI. Quantamental Technologies LLC purchased a new stake in shares of Nelnet in the fourth quarter worth about $68,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Nelnet by 32.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,517 shares of the credit services provider’s stock worth $79,000 after buying an additional 375 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Nelnet in the first quarter worth about $94,000. Great West Life Assurance Co. Can increased its stake in Nelnet by 59.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 2,757 shares of the credit services provider’s stock worth $140,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Cutler Group LP bought a new stake in Nelnet during the fourth quarter worth approximately $161,000. Institutional investors own 37.33% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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