Nelnet (NYSE:NNI – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Nelnet Stock Performance
Shares of Nelnet stock opened at $112.94 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47. The firm has a market cap of $4.10 billion, a P/E ratio of 37.15 and a beta of 0.91. The firm has a 50 day simple moving average of $108.82 and a 200 day simple moving average of $110.46. Nelnet has a fifty-two week low of $83.75 and a fifty-two week high of $127.32.
Hedge Funds Weigh In On Nelnet
Hedge funds and other institutional investors have recently bought and sold shares of the business. Christopher J. Hasenberg Inc bought a new position in Nelnet in the fourth quarter valued at approximately $38,000. Blue Trust Inc. boosted its stake in Nelnet by 1,293.1% in the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 375 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Nelnet by 796.0% in the fourth quarter. Sterling Capital Management LLC now owns 448 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 398 shares during the last quarter. FMR LLC boosted its stake in Nelnet by 20.3% in the third quarter. FMR LLC now owns 556 shares of the credit services provider’s stock valued at $63,000 after acquiring an additional 94 shares during the last quarter. Finally, Man Group plc bought a new position in Nelnet in the fourth quarter valued at approximately $202,000. 33.51% of the stock is owned by institutional investors.
Nelnet Company Profile
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.
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