Nelnet (NNI) Receives Average Rating of “Strong Buy” from Analysts

Nelnet (NYSE:NNI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Nelnet an industry rank of 236 out of 265 based on the ratings given to its competitors.

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Separately, TheStreet lowered shares of Nelnet from a “c-” rating to a “d+” rating in a research note on Friday, March 16th.

Shares of NYSE:NNI traded up $0.74 during trading on Monday, reaching $53.35. 30,251 shares of the company’s stock traded hands, compared to its average volume of 89,399. The company has a quick ratio of 99.01, a current ratio of 99.01 and a debt-to-equity ratio of 9.86. The company has a market cap of $2,147.07, a PE ratio of 11.90 and a beta of 0.89. Nelnet has a 12 month low of $38.72 and a 12 month high of $59.68.

Nelnet (NYSE:NNI) last posted its earnings results on Tuesday, February 27th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.15. The firm had revenue of $182.07 million during the quarter. Nelnet had a net margin of 14.41% and a return on equity of 8.65%.

In other Nelnet news, Director Kathleen Anne Farrell sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $53.97, for a total transaction of $107,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 8,000 shares of company stock valued at $419,680 over the last three months. 46.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of NNI. Nationwide Fund Advisors boosted its stake in Nelnet by 4.5% during the 3rd quarter. Nationwide Fund Advisors now owns 33,337 shares of the credit services provider’s stock valued at $1,684,000 after purchasing an additional 1,440 shares during the period. Russell Investments Group Ltd. boosted its stake in Nelnet by 168.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,462 shares of the credit services provider’s stock valued at $3,407,000 after purchasing an additional 42,313 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Nelnet in the 3rd quarter worth approximately $174,000. American International Group Inc. lifted its stake in shares of Nelnet by 8.1% in the 3rd quarter. American International Group Inc. now owns 13,378 shares of the credit services provider’s stock worth $676,000 after acquiring an additional 999 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Nelnet by 27.4% in the 3rd quarter. Wells Fargo & Company MN now owns 33,552 shares of the credit services provider’s stock worth $1,695,000 after acquiring an additional 7,219 shares during the period. 41.35% of the stock is owned by hedge funds and other institutional investors.

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About Nelnet

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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