Crawford Fund Management LLC Buys 217 Shares of Nelnet, Inc. (NYSE:NNI)

Crawford Fund Management LLC increased its holdings in shares of Nelnet, Inc. (NYSE:NNI) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,787 shares of the credit services provider’s stock after acquiring an additional 217 shares during the period. Nelnet makes up approximately 1.4% of Crawford Fund Management LLC’s portfolio, making the stock its 9th biggest holding. Crawford Fund Management LLC owned 0.16% of Nelnet worth $6,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NNI. Renaissance Technologies LLC acquired a new position in Nelnet during the second quarter worth $4,660,000. Kingsview Wealth Management LLC acquired a new stake in Nelnet in the third quarter valued at $2,613,000. Denali Advisors LLC grew its holdings in Nelnet by 33.0% in the second quarter. Denali Advisors LLC now owns 64,510 shares of the credit services provider’s stock valued at $6,506,000 after purchasing an additional 16,000 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in Nelnet in the third quarter valued at $865,000. Finally, Bank of Montreal Can acquired a new stake in Nelnet in the second quarter valued at $637,000. Institutional investors and hedge funds own 33.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen upped their target price on Nelnet from $96.00 to $98.00 and gave the company a “hold” rating in a report on Monday, August 12th. StockNews.com lowered Nelnet from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Nelnet Stock Down 0.2 %

Shares of NYSE:NNI opened at $108.76 on Friday. 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 52-week low of $82.22 and a 52-week high of $127.32. The stock’s fifty day simple moving average is $112.12 and its 200-day simple moving average is $108.87. The company has a market capitalization of $3.95 billion, a P/E ratio of 35.78 and a beta of 0.92.

Nelnet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.03%. Nelnet’s dividend payout ratio (DPR) is presently 36.84%.

Insider Buying and Selling

In related news, insider William J. Munn sold 2,500 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $108.89, for a total transaction of $272,225.00. Following the transaction, the insider now directly owns 9,354 shares in the company, valued at approximately $1,018,557.06. This represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 50.10% of the stock is currently owned by company insiders.

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.