Fieldview Capital Management LLC Acquires New Holdings in Nelnet, Inc. $NNI

Fieldview Capital Management LLC purchased a new position in shares of Nelnet, Inc. (NYSE:NNI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,523 shares of the credit services provider’s stock, valued at approximately $1,399,000.

Several other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Nelnet during the 4th quarter worth about $1,594,000. JPMorgan Chase & Co. raised its holdings in Nelnet by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 185,029 shares of the credit services provider’s stock valued at $23,199,000 after buying an additional 12,941 shares during the period. American Century Companies Inc. raised its holdings in Nelnet by 28.9% in the third quarter. American Century Companies Inc. now owns 184,316 shares of the credit services provider’s stock valued at $23,110,000 after buying an additional 41,302 shares during the period. Tudor Investment Corp ET AL raised its holdings in Nelnet by 41.5% in the third quarter. Tudor Investment Corp ET AL now owns 14,567 shares of the credit services provider’s stock valued at $1,826,000 after buying an additional 4,269 shares during the period. Finally, Denali Advisors LLC raised its holdings in Nelnet by 14.4% in the fourth quarter. Denali Advisors LLC now owns 44,600 shares of the credit services provider’s stock valued at $5,930,000 after buying an additional 5,600 shares during the period. 33.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on NNI. Zacks Research lowered shares of Nelnet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Nelnet from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.00.

Nelnet Trading Down 0.1%

NNI opened at $130.22 on Monday. The firm has a market capitalization of $4.68 billion, a P/E ratio of 11.34 and a beta of 0.79. The firm’s 50 day moving average is $132.29 and its 200-day moving average is $132.08. Nelnet, Inc. has a 52-week low of $112.16 and a 52-week high of $144.38. The company has a quick ratio of 24.07, a current ratio of 24.07 and a debt-to-equity ratio of 2.14.

Nelnet (NYSE:NNI) last posted its quarterly earnings data 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 firm had revenue of $419.06 million for the quarter, compared to analysts’ expectations of $443.84 million. Nelnet had a net margin of 18.45% and a return on equity of 11.73%. Analysts expect that Nelnet, Inc. will post 8.6 EPS for the current fiscal year.

Nelnet Announces Dividend

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

Nelnet Company 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.