Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nelnet (NYSE:NNI) Share Price

Media stories about Nelnet (NYSE:NNI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nelnet earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 46.0153520923893 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Nelnet (NNI) traded up $0.01 during trading on Friday, reaching $53.58. The company’s stock had a trading volume of 81,532 shares, compared to its average volume of 74,428. The company has a debt-to-equity ratio of 10.44, a quick ratio of 159.08 and a current ratio of 159.08. Nelnet has a 52 week low of $38.72 and a 52 week high of $59.68. The stock has a market capitalization of $2,188.12, a PE ratio of 12.29 and a beta of 1.05.

Nelnet (NYSE:NNI) last announced its quarterly earnings data 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). Nelnet had a return on equity of 8.70% and a net margin of 17.51%. The firm had revenue of $194.43 million during the quarter, compared to analysts’ expectations of $191.00 million. During the same quarter in the previous year, the business earned $1.36 earnings per share. The company’s revenue for the quarter was down 18.6% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.19%. This is a boost from Nelnet’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, November 30th. Nelnet’s dividend payout ratio (DPR) is presently 12.10%.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Compass Point raised Nelnet from a “neutral” rating to a “buy” rating in a research report on Thursday, October 19th. Finally, TheStreet raised Nelnet from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th.

In related news, Director Michael D. Reardon sold 5,748 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $50.84, for a total transaction of $292,228.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Angie Muhleisen sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $48.38, for a total value of $96,760.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,748 shares of company stock valued at $714,568. Company insiders own 46.10% of the company’s stock.

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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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