News headlines about Nelnet (NYSE:NNI) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nelnet earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the credit services provider an impact score of 45.2188773612862 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Nelnet (NYSE NNI) traded down $0.29 during trading hours on Thursday, hitting $54.20. The stock had a trading volume of 95,399 shares, compared to its average volume of 82,559. Nelnet has a 1-year low of $38.72 and a 1-year high of $59.68. The company has a debt-to-equity ratio of 10.44, a current ratio of 159.08 and a quick ratio of 159.08. The company has a market cap of $2,228.15, a price-to-earnings ratio of 12.51 and a beta of 1.04.
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 Thomson Reuters’ consensus estimate of $1.10 by ($0.10). The company had revenue of $194.43 million during the quarter, compared to the consensus estimate of $191.00 million. Nelnet had a return on equity of 8.70% and a net margin of 17.51%. The firm’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 will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from Nelnet’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.18%. Nelnet’s payout ratio is currently 12.10%.
A number of brokerages have recently issued reports on NNI. Credit Suisse Group increased their target price on Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Compass Point raised Nelnet from a “neutral” rating to a “buy” rating in a report on Thursday, October 19th.
In related news, Director Michael D. Reardon sold 5,748 shares of Nelnet stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $50.84, for a total value of $292,228.32. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $115,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,748 shares of company stock worth $714,568. Corporate insiders own 46.10% of the company’s stock.
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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.
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