Media coverage about Nelnet (NYSE:NNI) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nelnet earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the credit services provider an impact score of 44.9192860631898 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Nelnet Completes Acquisition of Great Lakes Educational Loan Services, Inc. (finance.yahoo.com)
- Nelnet, Inc. (NNI) Declares $0.16 Quarterly Dividend (americanbankingnews.com)
- Nelnet Board Approves Dividend (finance.yahoo.com)
- ExlService (EXLS) versus Nelnet (NNI) Critical Review (americanbankingnews.com)
Shares of Nelnet (NNI) traded up $0.62 during trading hours on Thursday, hitting $50.42. 2,627 shares of the stock were exchanged, compared to its average volume of 83,011. The company has a market cap of $2,051.70, a price-to-earnings ratio of 9.47 and a beta of 0.96. Nelnet has a 1 year low of $38.72 and a 1 year 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.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, February 28th. Nelnet’s payout ratio is 12.10%.
Several analysts have issued reports on NNI shares. 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. Compass Point upgraded shares of Nelnet from a “neutral” rating to a “buy” rating in a research note on Thursday, October 19th.
In other news, Director Michael D. Reardon sold 5,748 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $50.84, for a total value of $292,228.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Angie Muhleisen sold 2,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $52.56, for a total transaction of $105,120.00. The disclosure for this sale can be found here. Insiders sold a total of 11,748 shares of company stock worth $609,348 in the last three months. Insiders own 46.10% of the company’s stock.
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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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