Nelnet (NYSE:NNI) Upgraded at StockNews.com

StockNews.com upgraded shares of Nelnet (NYSE:NNI) from a hold rating to a buy rating in a report released on Saturday morning.

Nelnet Trading Down 1.3 %

NNI opened at $111.40 on Friday. Nelnet has a 12 month low of $83.75 and a 12 month high of $127.32. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 36.64 and a beta of 0.91. 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 business has a fifty day moving average price of $108.89 and a 200 day moving average price of $110.56.

Nelnet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 1.01%. Nelnet’s payout ratio is 36.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new position in Nelnet during the 4th quarter worth $38,000. Blue Trust Inc. lifted its holdings in Nelnet by 1,293.1% during the 4th quarter. Blue Trust Inc. now owns 404 shares of the credit services provider’s stock worth $46,000 after buying an additional 375 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Nelnet by 796.0% during the 4th quarter. Sterling Capital Management LLC now owns 448 shares of the credit services provider’s stock worth $48,000 after buying an additional 398 shares during the last quarter. FMR LLC lifted its holdings in Nelnet by 20.3% during the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider’s stock worth $63,000 after buying an additional 94 shares during the last quarter. Finally, Man Group plc purchased a new stake in Nelnet during the 4th quarter worth about $202,000. 33.51% of the stock is owned by institutional investors and hedge funds.

About Nelnet

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.