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

Zacks has also given Nelnet an industry rank of 25 out of 265 based on the ratings given to related companies.

A number of analysts recently weighed in on NNI shares. Credit Suisse Group upped 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.

Nelnet (NYSE:NNI) traded up $1.25 during mid-day trading on Friday, hitting $51.22. 70,770 shares of the company were exchanged, compared to its average volume of 93,738. The company has a debt-to-equity ratio of 10.44, a current ratio of 159.08 and a quick ratio of 159.08. Nelnet has a 12-month low of $38.72 and a 12-month high of $59.68. The stock has a market capitalization of $2,038.62, a price-to-earnings ratio of 11.45 and a beta of 0.96.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.25%. Nelnet’s payout ratio is 12.10%.

In related news, major shareholder Angie Muhleisen sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $52.56, for a total transaction of $105,120.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 6,000 shares of company stock worth $317,120 over the last 90 days. Insiders own 46.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NNI. Glenhill Advisors LLC purchased a new stake in shares of Nelnet during the fourth quarter worth approximately $13,612,000. Magnolia Group LLC purchased a new position in Nelnet in the third quarter valued at approximately $8,249,000. Farmers & Merchants Investments Inc. increased its stake in Nelnet by 4.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,717,250 shares of the credit services provider’s stock valued at $94,071,000 after purchasing an additional 72,432 shares during the last quarter. Vanguard Group Inc. increased its stake in Nelnet by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,087,767 shares of the credit services provider’s stock valued at $98,146,000 after purchasing an additional 69,695 shares during the last quarter. Finally, Boston Partners increased its stake in Nelnet by 5.7% in the fourth quarter. Boston Partners now owns 1,130,763 shares of the credit services provider’s stock valued at $61,943,000 after purchasing an additional 61,123 shares during the last quarter. Hedge funds and other institutional investors own 39.97% of the company’s stock.

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About Nelnet

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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