Media stories about Nelnet (NYSE:NNI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. 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 0.19 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 47.2667927532354 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research firms recently commented on NNI. ValuEngine lowered Nelnet from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. TheStreet upgraded shares of Nelnet from a “d+” rating to a “c” rating in a report on Thursday, May 24th.
NYSE:NNI opened at $56.24 on Thursday. The company has a quick ratio of 112.77, a current ratio of 112.77 and a debt-to-equity ratio of 9.83. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.35 and a beta of 0.81. Nelnet has a 52 week low of $45.83 and a 52 week high of $64.00.
Nelnet (NYSE:NNI) last posted its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The firm had revenue of $257.96 million during the quarter. Nelnet had a net margin of 17.02% and a return on equity of 9.45%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, August 30th.
In related news, major shareholder Angie Muhleisen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $56.42, for a total transaction of $56,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 46.10% of the company’s stock.
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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