Nelnet (NYSE:NNI) Rating Lowered to Hold at StockNews.com

Nelnet (NYSE:NNI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Nelnet Stock Up 1.3 %

Shares of NNI opened at $112.75 on Tuesday. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78. The firm has a market cap of $4.09 billion, a P/E ratio of 37.09 and a beta of 0.91. The stock’s 50 day moving average is $107.92 and its two-hundred day moving average is $110.32. Nelnet has a 12 month low of $83.75 and a 12 month high of $127.32.

Nelnet (NYSE:NNI) last released its quarterly earnings results on Thursday, November 7th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($1.02). Nelnet had a net margin of 5.54% and a return on equity of 3.78%. The company had revenue of $477.80 million during the quarter. During the same quarter in the prior year, the company earned $1.15 earnings per share. Analysts predict that Nelnet will post 4.52 earnings per share for the current fiscal year.

Insider Activity at Nelnet

In other Nelnet news, insider William J. Munn sold 2,500 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $108.89, for a total value of $272,225.00. Following the completion of the sale, the insider now owns 9,354 shares in the company, valued at approximately $1,018,557.06. This represents a 21.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 50.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nelnet

Several hedge funds and other institutional investors have recently made changes to their positions in NNI. Christopher J. Hasenberg Inc purchased a new position in shares of Nelnet during the 4th quarter worth $38,000. Blue Trust Inc. raised its stake in Nelnet by 1,293.1% during the fourth quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 375 shares during the period. FMR LLC boosted its holdings in Nelnet by 20.3% in the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 94 shares during the last quarter. Quest Partners LLC grew its stake in shares of Nelnet by 34,283.3% in the 3rd quarter. Quest Partners LLC now owns 2,063 shares of the credit services provider’s stock valued at $234,000 after buying an additional 2,057 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Nelnet by 7.4% during the 3rd quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider’s stock worth $258,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 33.51% of the company’s stock.

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.