Headlines about Nelnet (NYSE:NNI) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nelnet earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the credit services provider an impact score of 44.9459701103074 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.
Several research analysts recently commented on NNI shares. Compass Point raised Nelnet from a “neutral” rating to a “buy” rating in a research note on Thursday, October 19th. Credit Suisse Group lifted their price target on Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, October 20th.
Shares of Nelnet (NYSE NNI) opened at $53.02 on Friday. The stock has a market capitalization of $2,268.18, a PE ratio of 12.74 and a beta of 1.04. The company has a current ratio of 159.08, a quick ratio of 159.08 and a debt-to-equity ratio of 10.44. Nelnet has a fifty-two week low of $38.72 and a fifty-two week high of $59.68.
Nelnet (NYSE:NNI) last announced its quarterly earnings results on Tuesday, November 7th. The credit services provider reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.10). The business had revenue of $194.43 million for the quarter, compared to analysts’ expectations of $191.00 million. Nelnet had a return on equity of 8.70% and a net margin of 17.51%. The firm’s quarterly revenue was down 18.6% on a year-over-year basis. During the same period last year, the firm earned $1.36 earnings per share.
The firm also recently declared 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. This represents a $0.64 dividend on an annualized basis and a yield of 1.21%. This is an increase from Nelnet’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. Nelnet’s payout ratio is 12.10%.
In other news, major shareholder Angie Muhleisen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $48.38, for a total value of $96,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Reardon sold 5,748 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $50.84, for a total value of $292,228.32. The disclosure for this sale can be found here. Insiders have sold a total of 13,748 shares of company stock valued at $714,568 over the last ninety days. 46.10% of the stock is owned by company insiders.
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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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