Somewhat Positive Media Coverage Somewhat Unlikely to Affect Nelnet (NNI) Stock Price

Headlines about Nelnet (NYSE:NNI) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nelnet earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 45.882993588811 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

Several brokerages have recently weighed in on NNI. Compass Point upgraded shares of Nelnet from a “neutral” rating to a “buy” rating in a research note on Thursday, October 19th. Credit Suisse Group increased their target price on shares of Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th.

Nelnet (NYSE:NNI) traded down $0.07 during midday trading on Wednesday, reaching $55.89. 77,412 shares of the company traded hands, compared to its average volume of 84,133. The stock has a market capitalization of $2,246.53, a PE ratio of 10.57 and a beta of 1.04. Nelnet has a 52-week low of $38.72 and a 52-week high of $59.68. 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 (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 consensus estimate of $1.10 by ($0.10). The firm 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 company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.16 per share. This is a boost from Nelnet’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 30th. Nelnet’s dividend payout ratio is currently 12.10%.

In other Nelnet news, insider William J. Munn sold 1,000 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $55.00, for a total value of $55,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Angie Muhleisen sold 2,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $53.25, for a total transaction of $106,500.00. The disclosure for this sale can be found here. Insiders have sold 12,748 shares of company stock valued at $674,308 over the last three months. 46.10% of the stock is currently owned by corporate 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.

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

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