Nelnet, Inc. (NNI) Given Consensus Rating of “Strong Buy” by Analysts

Nelnet, Inc. (NYSE:NNI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Nelnet’s rating score has improved by 66.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Nelnet an industry rank of 218 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently commented on the stock. Compass Point raised shares of Nelnet from a “neutral” rating to a “buy” rating in a report on Thursday, October 19th. Credit Suisse Group lifted their price objective on shares of Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 20th.

In related news, Director Michael D. Reardon sold 5,748 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $50.84, for a total transaction of $292,228.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Angie Muhleisen sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was 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. In the last ninety days, insiders have sold 13,748 shares of company stock valued at $714,568. Corporate insiders own 46.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in shares of Nelnet by 6.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,156 shares of the credit services provider’s stock valued at $101,000 after acquiring an additional 123 shares in the last quarter. Victory Capital Management Inc. increased its position in Nelnet by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,104 shares of the credit services provider’s stock worth $146,000 after buying an additional 464 shares during the period. SG Americas Securities LLC acquired a new stake in Nelnet in the third quarter worth $174,000. BNP Paribas Arbitrage SA increased its position in Nelnet by 168.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,304 shares of the credit services provider’s stock worth $202,000 after buying an additional 2,700 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Nelnet in the second quarter worth $214,000. 39.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Nelnet (NYSE NNI) opened at $54.75 on Thursday. Nelnet has a 12-month low of $38.72 and a 12-month high of $59.68. The company has a market cap of $2,268.18, a PE ratio of 12.74 and a beta of 1.04. The company has a debt-to-equity ratio of 10.44, a current ratio of 159.08 and a quick ratio of 159.08.

Nelnet (NYSE:NNI) last posted its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.10). Nelnet had a net margin of 17.51% and a return on equity of 8.70%. The business had revenue of $194.43 million during the quarter, compared to analysts’ expectations of $191.00 million. During the same period in the previous year, the business posted $1.36 EPS. The company’s revenue for the quarter was down 18.6% compared to the same quarter last year.

The business 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 dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Nelnet’s previous quarterly dividend of $0.14. Nelnet’s dividend payout ratio is currently 12.10%.

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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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