Huber Capital Management LLC trimmed its position in shares of Nelnet, Inc. (NYSE:NNI) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,066 shares of the credit services provider’s stock after selling 6,500 shares during the period. Huber Capital Management LLC owned 0.34% of Nelnet worth $7,563,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in Nelnet by 6.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,156 shares of the credit services provider’s stock valued at $101,000 after acquiring an additional 123 shares during the last quarter. SG Americas Securities LLC bought a new stake in Nelnet in the 3rd quarter valued at $174,000. Creative Planning bought a new stake in Nelnet in the 4th quarter valued at $304,000. Teacher Retirement System of Texas bought a new stake in Nelnet in the 4th quarter valued at $396,000. Finally, Voya Investment Management LLC increased its holdings in Nelnet by 14.8% in the 2nd quarter. Voya Investment Management LLC now owns 9,534 shares of the credit services provider’s stock valued at $448,000 after acquiring an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 41.32% of the company’s stock.
In related news, major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $52.05, for a total transaction of $104,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 6,000 shares of company stock valued at $315,720. 46.10% of the stock is owned by corporate insiders.
Nelnet (NYSE:NNI) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.15. Nelnet had a net margin of 14.41% and a return on equity of 8.65%. The business had revenue of $182.07 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.18%. Nelnet’s dividend payout ratio is presently 15.46%.
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Nelnet, Inc focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company’s segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.
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