EntryPoint Capital LLC Invests $223,000 in Nelnet, Inc. (NYSE:NNI)

EntryPoint Capital LLC purchased a new stake in shares of Nelnet, Inc. (NYSE:NNI) during the 4th quarter, Holdings Channel reports. The fund purchased 2,084 shares of the credit services provider’s stock, valued at approximately $223,000.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in Nelnet in the fourth quarter valued at about $38,000. Blue Trust Inc. raised its holdings in Nelnet by 1,293.1% in the 4th quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock valued at $46,000 after buying an additional 375 shares during the last quarter. FMR LLC boosted its position in Nelnet by 20.3% during 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 period. MML Investors Services LLC grew its holdings in Nelnet by 7.4% during the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 157 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Nelnet in the 3rd quarter valued at approximately $306,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

Nelnet Stock Down 2.0 %

Nelnet stock opened at $111.70 on Friday. The company has a market capitalization of $4.05 billion, a PE ratio of 36.74 and a beta of 0.89. Nelnet, Inc. has a 12-month low of $92.24 and a 12-month high of $127.32. The firm’s fifty day moving average is $113.23 and its 200 day moving average is $111.24. 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 (NYSE:NNI) last announced its quarterly earnings data on Thursday, February 27th. The credit services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21. The firm had revenue of $401.61 million for the quarter, compared to analyst estimates of $335.00 million. Nelnet had a net margin of 5.54% and a return on equity of 3.78%. As a group, sell-side analysts predict that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 1.00%. Nelnet’s payout ratio is currently 22.40%.

Analyst Ratings Changes

Separately, StockNews.com raised Nelnet from a “hold” rating to a “buy” rating in a report on Tuesday, March 4th.

Nelnet Company 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.