Landscape Capital Management L.L.C. Invests $288,000 in Nelnet, Inc. (NYSE:NNI)

Landscape Capital Management L.L.C. purchased a new stake in shares of Nelnet, Inc. (NYSE:NNI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,546 shares of the credit services provider’s stock, valued at approximately $288,000.

Several other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC bought a new position in shares of Nelnet during the first quarter valued at about $220,000. Vanguard Group Inc. lifted its holdings in Nelnet by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,313,570 shares of the credit services provider’s stock worth $124,329,000 after buying an additional 3,485 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Nelnet by 3.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 6,760 shares of the credit services provider’s stock worth $640,000 after buying an additional 222 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Nelnet by 6.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,699 shares of the credit services provider’s stock worth $729,000 after buying an additional 497 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Nelnet by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 118,046 shares of the credit services provider’s stock valued at $11,906,000 after buying an additional 1,280 shares during the period. Hedge funds and other institutional investors own 33.51% of the company’s stock.

Insider Activity at Nelnet

In related news, insider William J. Munn sold 2,500 shares of the firm’s 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 completion of the transaction, the insider now owns 9,354 shares of the company’s stock, valued at $1,018,557.06. This trade represents a 21.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 50.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NNI shares. StockNews.com cut shares of Nelnet from a “buy” rating to a “hold” rating in a report on Monday, August 12th. TD Cowen raised their price objective on shares of Nelnet from $96.00 to $98.00 and gave the stock a “hold” rating in a report on Monday, August 12th.

Nelnet Price Performance

Shares of NNI stock opened at $107.93 on Monday. The business’s fifty day moving average is $112.52 and its 200 day moving average is $108.71. The company has a quick ratio of 31.47, a current ratio of 31.47 and a debt-to-equity ratio of 2.78. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 35.50 and a beta of 0.92. Nelnet, Inc. has a twelve month low of $82.22 and a twelve month high of $127.32.

Nelnet Announces Dividend

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 paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.04%. 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.