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Farmers & Merchants Investments Inc. narrowed its stake in Nelnet, Inc. (NYSE: NNI) by 0.4% in the second quarter, according to its more recently filed Form 13F with the Securities and Exchange Commission. Exchange Commission, which held 1,620,835 shares of the credit service provider after selling 6,141 shares during the quarter, Nelnet accounting for about 6.9% of the investment portfolio of Farmers & Merchants Indeed, Farmers & Merchants Investments Inc. held approximately 3.98% of Nelnet valued at $ 94,673,000 at the end of the most recent reporting period.
Other major investors have also recently changed their position in society. Victory Capital Management Inc. now holds 5,219 shares of the credit service provider worth $ 274,000 after purchasing an ad. 1155 shares in the last quarter. Wells Fargo & Company MN increased its position in Nelnet shares by 4.0% in the first quarter. Wells Fargo & Company MN now holds 40,405 shares of the credit service provider valued at $ 2,118,000 after purchasing 1,563 additional shares in the last quarter. SG Americas Securities LLC bought a new equity stake in Nelnet in the first quarter worth approximately $ 100,000. Quantbot Technologies LP purchased a new equity interest in Nelnet shares in the first quarter of approximately $ 104,000. Finally, Prudential Financial Inc. increased its position in Nelnet shares by 0.9% in the first quarter. Prudential Financial Inc. now holds 367,579 shares of the credit service provider valued at $ 19,265,000 after purchasing 3,410 additional shares in the last quarter. 38.71% of the stock is held by institutional investors.
NNI shares rose $ 0.59 during trading hours Monday, reaching $ 61.81. 8,448 shares were exchanged compared to an average of 61,289 shares. The company has a debt ratio of 9.45, a ratio of 127.47 and a ratio of 127.47. Nelnet, Inc. has a minimum of $ 43.92 over 12 months and a high of $ 64.00 over 12 months. The stock has a market capitalization of $ 2.49 billion, a price / earnings ratio of 12.60 and a beta of 0.87.
Nelnet (NYSE: NNI) released its quarterly results on Tuesday, May 8. The credit service provider reported earnings per share of $ 1.67 for the quarter, exceeding Thomson's consensus estimate of $ 1.36 by $ 0.31. Nelnet recorded a return on equity of 9.28% and a net margin of 17.43%. The company achieved a turnover of $ 322.21 million during the quarter. In the same quarter of the previous year, the company posted a profit of $ 1.23 per share.
Separately, TheStreet put Nelnet from a "d +" ranking to a "c" rank in a research report released on Thursday, May 24.
About Nelnet
products and services, and badet management services loans around the world. The company's lending and maintenance systems sector includes loan, claims processing, borrower update, customer service, payment processing and audit services. diligence, reconciliation of funds and processing of requests.
Feature article: Price / Earnings (PE) Price Basics
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