Nelnet (NYSE:NNI) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Nelnet (NYSE:NNIFree Report) from a hold rating to a buy rating in a research note released on Monday.

Nelnet Stock Up 0.4 %

Shares of NNI opened at $110.62 on Monday. The company has a debt-to-equity ratio of 3.25, a current ratio of 48.33 and a quick ratio of 35.15. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 29.90 and a beta of 0.84. Nelnet has a 1 year low of $81.67 and a 1 year high of $110.70. The business’s 50 day simple moving average is $94.34 and its 200-day simple moving average is $89.42.

Nelnet (NYSE:NNIGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The credit services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.44. Nelnet had a net margin of 6.54% and a return on equity of 4.17%. The company had revenue of $579.96 million for the quarter. During the same period in the previous year, the company earned $1.47 EPS. As a group, equities analysts expect that Nelnet will post 5.15 earnings per share for the current fiscal year.

Nelnet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.28 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.01%. Nelnet’s payout ratio is 30.27%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NNI. CWM LLC boosted its holdings in shares of Nelnet by 176.5% in the 4th quarter. CWM LLC now owns 412 shares of the credit services provider’s stock valued at $36,000 after buying an additional 263 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in Nelnet by 49,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 500 shares of the credit services provider’s stock worth $44,000 after purchasing an additional 499 shares during the last quarter. Covestor Ltd increased its position in shares of Nelnet by 139.2% during the first quarter. Covestor Ltd now owns 806 shares of the credit services provider’s stock worth $76,000 after purchasing an additional 469 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nelnet during the 1st quarter valued at $209,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Nelnet in the 1st quarter worth $220,000. 33.51% of the stock is owned by institutional investors.

Nelnet Company Profile

(Get Free Report)

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.

Further Reading

Receive News & Ratings for Nelnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nelnet and related companies with MarketBeat.com's FREE daily email newsletter.