News headlines about Nelnet (NYSE:NNI) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nelnet earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 46.8474149139932 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, TheStreet downgraded shares of Nelnet from a “c-” rating to a “d+” rating in a report on Friday, March 16th.
Nelnet stock opened at $51.04 on Friday. The company has a debt-to-equity ratio of 9.86, a quick ratio of 99.01 and a current ratio of 99.01. Nelnet has a 1-year low of $38.72 and a 1-year high of $59.68. The firm has a market cap of $2,136.46, a price-to-earnings ratio of 12.33 and a beta of 0.86.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.64 annualized dividend and a yield of 1.25%. Nelnet’s payout ratio is 15.46%.
In other Nelnet news, major shareholder Angie Muhleisen sold 2,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 6,000 shares of company stock worth $317,160. Corporate insiders own 46.10% of the company’s stock.
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Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.
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