Press coverage about Nelnet (NYSE:NNI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nelnet earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 45.2289186173819 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Nelnet (NNI) traded up 0.14% during midday trading on Wednesday, reaching $50.80. 8,288 shares of the company traded hands. Nelnet has a 12 month low of $37.86 and a 12 month high of $55.01. The firm has a market capitalization of $1.53 billion, a PE ratio of 8.26 and a beta of 1.00. The company’s 50-day moving average price is $48.72 and its 200 day moving average price is $45.91.
Nelnet (NYSE:NNI) last posted its earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate 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 net margin of 20.19% and a return on equity of 9.65%. During the same quarter in the prior year, the company earned $1.13 EPS. On average, equities analysts anticipate that Nelnet will post $4.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, August 30th. Nelnet’s dividend payout ratio (DPR) is presently 9.09%.
NNI has been the topic of several recent analyst reports. BidaskClub downgraded shares of Nelnet from a “buy” rating to a “hold” rating in a report 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 report on Wednesday, August 9th. Finally, TheStreet upgraded shares of Nelnet from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th.
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In related news, major shareholder Angie Muhleisen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $48.38, for a total transaction of $96,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Munn sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,000 shares of company stock valued at $332,580. Corporate insiders own 45.40% of the company’s stock.
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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