NELNET, INC.
At today's price, NELNET, INC. (NNI) is priced for +16.5% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Nelnet is four businesses in one: loan servicing, education technology and payments, a runoff portfolio of legacy student loans, and a growing online bank, so its headline numbers blend a fee machine with a shrinking interest-earning book. • The biggest near-term risk surfaced this quarter: the provision for loan losses jumped to $53.2 million from $15.3 million, driven by rapid growth in Pay Later and other consumer lending, which is a new and untested credit exposure. [Source: Nelnet Q1 2026
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211 institutional managers reported holding NNI in 13F filings for the quarter ended 2026-03-31. Together they hold about 32% of the company; the top 10 hold 24%. 26 opened new positions that quarter. Held by Dimensional Fund Advisors, Vanguard Group, BlackRock, among others. On the short side, 423k shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (3.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NNI has cut its share count 6.9% over the past five years, spending $350.33M on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 5 years straight; the current rate is $0.50 a share annually. Cash returned over the past three years: $115.73M in dividends and $193.18M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NNI over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NNI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | -3.1% | -9.5% |
| 2023-11-08 | -0.7% | -4.9% |
| 2024-02-28 | -3.8% | +11.6% |
| 2024-05-10 | +13.0% | -2.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NNI's latest 8-K filings: 2026-05-18 (items 5.07, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-04-30 (items 7.01); 2026-04-02 (items 1.01, 1.02, 2.03, 9.01); 2026-03-23 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.