Fri Sep 20 13:03:49 UTC 2024: ## Dimensional Fund Advisors Cuts Stake in Nelnet, While Other Funds Show Interest
**New York, September 20, 2024** – Dimensional Fund Advisors LP, a prominent institutional investor, reduced its holdings in Nelnet, Inc. (NYSE:NNI) by 1.2% during the second quarter, according to HoldingsChannel. The firm now owns 2,058,427 shares of the credit services provider, representing approximately 0.06% of Nelnet’s total value.
Despite the decrease by Dimensional Fund Advisors, other hedge funds have shown interest in Nelnet. TFO Wealth Partners LLC dramatically increased its position in the company by 49,900% during the fourth quarter. Covestor Ltd also boosted its stake by 139.2% in the first quarter. Additionally, several funds, including SG Americas Securities LLC, ProShare Advisors LLC, and Quest Partners LLC, initiated new positions in Nelnet during the first and fourth quarters.
Nelnet shares opened at $114.95 on Friday, with a 12-month low of $81.67 and a 12-month high of $116.13. The company boasts a strong financial position, with a quick ratio and current ratio of 33.51 and a debt-to-equity ratio of 2.97.
Nelnet recently declared a quarterly dividend of $0.28 per share, representing a yield of 0.97%. This marks a significant increase in investor interest in the company.
Analysts have offered mixed opinions on Nelnet. TD Cowen raised its price objective on the stock to $98.00 while maintaining a “hold” rating, while StockNews.com downgraded it from “buy” to “hold”.
Nelnet, Inc. operates in various sectors, including loan servicing, communications, education technology, and payment processing.
Investors interested in tracking hedge fund activity related to Nelnet can visit HoldingsChannel.com for the latest 13F filings and insider trades.
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