Tranche Update on Nelnet, Inc.'s Equity Buyback Plan announced on May 8, 2019.
May 09, 2022 at 04:20 pm EDT
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From January 1, 2022 to March 31, 2022, the company has repurchased 348,821 shares, representing 0.92% for $30.19 million. With this, the company has completed the repurchase of 2,777,141 shares, representing 7.09% for $167.75 million under the buyback announced on May 8, 2019.
Nelnet, Inc. operates businesses that are engaged in loan servicing and education technology services and payments. The Company's segments include Loan Servicing and Systems (LSS), Education Technology Services and Payments (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment is focused on student and consumer loan servicing, loan servicing-related technology solutions and outsourcing business services. This segment includes the brands Nelnet Diversified Solutions, Nelnet Government Services and others. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition and management of student and other loan assets, including investment interests therein. The Nelnet Bank includes an Internet Utah-chartered industrial bank focused on the private education and unsecured consumer loan markets.
NELNET, INC. 
