Angie Muhleisen Sells 1,000 Shares of Nelnet, Inc. (NNI) Stock

Nelnet, Inc. (NYSE:NNI) major shareholder Angie Muhleisen sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $61.06, for a total value of $61,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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, April 17th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were sold at an average price of $57.93, for a total value of $57,930.00.
  • On Wednesday, March 20th, Angie Muhleisen sold 1,000 shares of Nelnet stock. The shares were 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.

Nelnet stock opened at $60.26 on Friday. Nelnet, Inc. has a 12-month low of $47.59 and a 12-month high of $64.00. The company has a current ratio of 86.21, a quick ratio of 86.21 and a debt-to-equity ratio of 9.37. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 11.11 and a beta of 0.53.

Nelnet (NYSE:NNI) last released its earnings results on Wednesday, May 8th. The credit services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $264.94 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, May 30th.

A number of institutional investors have recently added to or reduced their stakes in NNI. Coastal Investment Advisors Inc. bought a new position in Nelnet in the first quarter valued at about $51,000. Quantamental Technologies LLC bought a new position in Nelnet in the fourth quarter valued at about $68,000. SEI Investments Co bought a new position in Nelnet in the first quarter valued at about $74,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Nelnet by 32.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,517 shares of the credit services provider’s stock valued at $79,000 after acquiring an additional 375 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Nelnet in the first quarter valued at about $94,000. Hedge funds and other institutional investors own 36.55% of the company’s stock.

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About Nelnet

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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