Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Nelnet (NNI) Stock Price

News headlines about Nelnet (NYSE:NNI) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing 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 closest to one being the most favorable. Nelnet earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the credit services provider an impact score of 45.046622170575 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Nelnet (NYSE:NNI) opened at 45.40 on Friday. Nelnet has a 52-week low of $34.38 and a 52-week high of $55.01. The company has a market capitalization of $1.89 billion, a PE ratio of 7.36 and a beta of 0.97. The firm’s 50-day moving average is $47.74 and its 200-day moving average is $45.53.

Nelnet (NYSE:NNI) last announced its quarterly earnings data on Monday, August 7th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The firm had revenue of $161.70 million during the quarter, compared to the consensus estimate of $182.02 million. Nelnet had a return on equity of 9.65% and a net margin of 20.19%. During the same quarter in the prior year, the company earned $1.13 EPS. On average, equities research analysts forecast that Nelnet will post $4.50 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.23%. Nelnet’s dividend payout ratio (DPR) is presently 9.09%.

Several research firms recently weighed in on NNI. BidaskClub cut shares of Nelnet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Compass Point cut shares of Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Wednesday, August 9th. Finally, TheStreet raised shares of Nelnet from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th.

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In other Nelnet news, major shareholder Angie Muhleisen sold 2,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $47.57, for a total value of $95,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 45.40% of the stock is owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Nelnet (NYSE:NNI)

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