Media coverage about Nelnet (NYSE:NNI) has been trending positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nelnet earned a news sentiment score of 0.41 on Accern’s scale. Accern also assigned headlines about the credit services provider an impact score of 45.5963227130145 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
Nelnet (NNI) opened at $49.91 on Tuesday. The company has a quick ratio of 159.08, a current ratio of 159.08 and a debt-to-equity ratio of 10.44. Nelnet has a 52 week low of $38.72 and a 52 week high of $59.68. The company has a market capitalization of $2,006.35, a P/E ratio of 9.43 and a beta of 0.96.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.28%. Nelnet’s payout ratio is currently 12.10%.
A number of equities analysts have commented on the company. Credit Suisse Group lifted their target price on Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Compass Point upgraded Nelnet from a “neutral” rating to a “buy” rating in a research note on Thursday, October 19th.
In other Nelnet news, major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $52.56, for a total value of $105,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 6,000 shares of company stock valued at $317,120. 46.10% of the stock is currently owned by insiders.
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Nelnet Company Profile
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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