Somewhat Favorable News Coverage Somewhat Unlikely to Impact Nelnet (NNI) Share Price

Media stories about Nelnet (NYSE:NNI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nelnet earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 45.5777874399421 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several analysts have issued reports on NNI shares. Credit Suisse Group raised their price target on shares of Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Compass Point upgraded shares of Nelnet from a “neutral” rating to a “buy” rating in a research report on Thursday, October 19th.

Shares of Nelnet (NNI) opened at $55.22 on Friday. The company has a quick ratio of 159.08, a current ratio of 159.08 and a debt-to-equity ratio of 10.44. The stock has a market cap of $2,233.46, a price-to-earnings ratio of 10.44 and a beta of 1.04. Nelnet has a 12-month low of $38.72 and a 12-month high of $59.68.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Tuesday, November 7th. The credit services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.10). The company had revenue of $194.43 million during the quarter, compared to analyst estimates of $191.00 million. Nelnet had a return on equity of 8.70% and a net margin of 17.51%. The business’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.16 per share. This is a positive change from Nelnet’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, November 30th. Nelnet’s payout ratio is 12.10%.

In other news, insider William J. Munn sold 1,000 shares of Nelnet stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $55.00, for a total transaction of $55,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $57.54, for a total transaction of $115,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,748 shares of company stock worth $674,308. 46.10% of the stock is owned by company insiders.

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About Nelnet

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.

Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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