Nelnet, Inc. (NYSE:NNI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Nelnet an industry rank of 52 out of 255 based on the ratings given to its competitors.
Several analysts recently weighed in on the stock. ValuEngine cut shares of Nelnet from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. TheStreet raised shares of Nelnet from a “d+” rating to a “c” rating in a report on Thursday, May 24th.
NYSE:NNI traded up $0.16 during mid-day trading on Friday, hitting $57.02. The stock had a trading volume of 25,123 shares, compared to its average volume of 35,183. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 11.19 and a beta of 0.83. Nelnet has a twelve month low of $44.02 and a twelve month high of $64.00. The company has a quick ratio of 127.47, a current ratio of 112.77 and a debt-to-equity ratio of 9.83.
Nelnet (NYSE:NNI) last issued its earnings results on Tuesday, August 7th. The credit services provider reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The firm had revenue of $257.96 million for the quarter. Nelnet had a net margin of 17.02% and a return on equity of 9.45%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%.
A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its holdings in Nelnet by 11.5% during the second quarter. GSA Capital Partners LLP now owns 10,685 shares of the credit services provider’s stock worth $624,000 after purchasing an additional 1,100 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Nelnet by 28.4% during the first quarter. Victory Capital Management Inc. now owns 5,219 shares of the credit services provider’s stock worth $274,000 after purchasing an additional 1,155 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Nelnet by 4.0% during the first quarter. Wells Fargo & Company MN now owns 40,405 shares of the credit services provider’s stock worth $2,118,000 after purchasing an additional 1,563 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Nelnet during the first quarter worth approximately $100,000. Finally, Quantbot Technologies LP purchased a new position in shares of Nelnet during the first quarter worth approximately $104,000. 38.74% of the stock is currently owned by institutional investors.
Nelnet Company Profile
Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Systems and Servicing segment is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.
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