Lawson Kroeker Investment Management Inc. NE Buys 187 Shares of Nelnet, Inc. (NYSE:NNI)

Lawson Kroeker Investment Management Inc. NE increased its stake in shares of Nelnet, Inc. (NYSE:NNI) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,964 shares of the credit services provider’s stock after acquiring an additional 187 shares during the quarter. Nelnet makes up 2.1% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 15th largest position. Lawson Kroeker Investment Management Inc. NE owned approximately 0.28% of Nelnet worth $10,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of Nelnet by 20.3% in the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider’s stock worth $63,000 after buying an additional 94 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Nelnet by 0.8% in the 3rd quarter. D.A. Davidson & CO. now owns 17,536 shares of the credit services provider’s stock worth $1,987,000 after buying an additional 136 shares during the last quarter. MML Investors Services LLC grew its position in shares of Nelnet by 7.4% in the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock worth $258,000 after buying an additional 157 shares during the last quarter. Inspire Investing LLC grew its position in shares of Nelnet by 5.0% in the 3rd quarter. Inspire Investing LLC now owns 3,662 shares of the credit services provider’s stock worth $415,000 after buying an additional 175 shares during the last quarter. Finally, Crawford Fund Management LLC grew its position in shares of Nelnet by 0.4% in the 3rd quarter. Crawford Fund Management LLC now owns 57,787 shares of the credit services provider’s stock worth $6,546,000 after buying an additional 217 shares during the last quarter. 33.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Nelnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th.

Insider Activity at Nelnet

In related news, insider William J. Munn sold 2,500 shares of Nelnet stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total transaction of $272,225.00. Following the sale, the insider now directly owns 9,354 shares in the company, valued at $1,018,557.06. The trade was a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 50.10% of the stock is currently owned by corporate insiders.

Nelnet Trading Up 0.3 %

NYSE NNI opened at $111.36 on Thursday. The company has a quick ratio of 31.47, a current ratio of 31.47 and a debt-to-equity ratio of 2.78. Nelnet, Inc. has a twelve month low of $83.75 and a twelve month high of $127.32. The firm has a market capitalization of $4.04 billion, a PE ratio of 36.63 and a beta of 0.91. The stock’s 50 day moving average is $107.64 and its 200 day moving average is $110.28.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Thursday, November 7th. The credit services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($1.02). Nelnet had a net margin of 5.54% and a return on equity of 3.78%. The firm had revenue of $477.80 million for the quarter. During the same quarter in the previous year, the company earned $1.15 EPS. Research analysts forecast that Nelnet, Inc. will post 4.52 earnings per share for the current fiscal year.

Nelnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nelnet’s dividend payout ratio is presently 36.84%.

About Nelnet

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.