Nelnet (NNI) set to report quarterly results on Monday
Nelnet (NYSE:NNI – Get Rating) is expected to release quarterly earnings data after market close on Monday, May 9.
Nelnet (NYSE:NNI – Get Rating) last released its results on Monday, February 28. The credit service provider reported EPS of $2.50 for the quarter. Nelnet had a net margin of 26.20% and a return on equity of 11.34%. The company had revenue of $394.49 million in the quarter.
NYSE:NNI opened at $82.07 on Monday. The stock has a 50-day moving average of $84.14. Nelnet has a 12 month minimum of $72.00 and a 12 month maximum of $99.79. The company has a debt ratio of 5.97, a quick ratio of 57.43 and a current ratio of 57.43. The stock has a market capitalization of $3.10 billion, a PE ratio of 8.05 and a beta of 0.73.
Several research companies have recently commented on NNI. Credit Suisse Group lowered its price target on Nelnet shares from $96.00 to $92.00 and set a “neutral” rating for the company in a Wednesday, March 2 research report. StockNews.com began covering Nelnet shares in a research report on Thursday, March 31. They issued a “holding” rating for the company.
Separately, insider William J. Munn sold 500 shares of Nelnet in a trade dated Monday, April 11. The shares were sold at an average price of $84.60, for a total transaction of $42,300.00. Following the completion of the transaction, the insider now directly owns 21,771 shares of the company, valued at approximately $1,841,826.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders of the company hold 50.30% of the shares of the company.
Hedge funds and other institutional investors have recently changed their stock holdings. Barclays PLC increased its stake in Nelnet by 17.3% during the 4th quarter. Barclays PLC now owns 20,607 shares of the credit services provider valued at $2,013,000 after buying 3,033 additional shares last quarter. Bank of America Corp DE increased its stake in Nelnet by 7.3% during the 4th quarter. Bank of America Corp DE now owns 16,528 shares of the credit service provider valued at $1,615,000 after buying 1,119 additional shares last quarter. Legal & General Group Plc increased its stake in Nelnet by 0.8% during the 4th quarter. Legal & General Group Plc now owns 16,428 shares of the credit services provider valued at $1,604,000 after buying 132 more shares last quarter. Credit Suisse AG increased its stake in Nelnet by 8.3% during the fourth quarter. Credit Suisse AG now owns 14,080 shares of the credit services provider valued at $1,375,000 after buying an additional 1,075 shares last quarter. Finally, Sei Investments Co. increased its stake in Nelnet by 319.1% during the 4th quarter. Sei Investments Co. now owns 13,314 shares of the credit service provider valued at $1,300,000 after buying an additional 10,137 shares last quarter.
About Nelnet (Get a rating)
Nelnet, Inc is engaged in lending services, communications, education technology, services and payment processing worldwide. The Loan Management and Systems segment provides loan conversion, application processing, borrower update, customer service, payment processing, due diligence procedures, funds management reconciliation and complaints handling.
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