Nelnet, Inc. (NYSE:NNI) is expected to pay $0.14 on Dec 15, 2016. The indicated annual dividend is $0.56. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Nelnet, Inc.’s current price of $52.92, the dividend is 0.26%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 10, 2016. The stock increased 0.68% or $0.36 on November 25, hitting $52.92. Nelnet, Inc. (NYSE:NNI) has risen 28.23% since April 25, 2016 and is uptrending. It has outperformed by 22.21% the S&P500.
Nelnet, Inc. focuses on delivering education-related services and products and student loan asset management. The company has a market cap of $2.25 billion. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and telecommunications. It has a 9.49 P/E ratio.
Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.33, from 0.84 in 2016Q1. The ratio improved, as 15 funds sold all Nelnet, Inc. shares owned while 47 reduced positions. 16 funds bought stakes while 36 increased positions. They now own 16.86 million shares or 2.25% less from 17.25 million shares in 2016Q1.
Huber Capital Mgmt Ltd Llc last reported 0.52% of its portfolio in the stock. Envestnet Asset Mgmt accumulated 0% or 1,453 shares. Clarivest Asset Mngmt Ltd Liability Corp last reported 0.04% of its portfolio in the stock. Mcf Advisors Limited Liability Company accumulated 27 shares or 0% of the stock. Allianz Asset Ag accumulated 23,916 shares or 0% of the stock. Wellington Management Group Inc Inc Limited Liability Partnership has 0% invested in the company for 299,526 shares. Swiss Natl Bank, a Switzerland-based fund reported 41,400 shares. The Texas-based Dimensional Fund L P has invested 0.04% in Nelnet, Inc. (NYSE:NNI). Schwab Charles Inv Mgmt holds 0.01% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 161,146 shares. Aqr Ltd Liability Corp holds 0.01% or 92,642 shares in its portfolio. Adams Diversified Equity Fund has invested 0.02% of its portfolio in Nelnet, Inc. (NYSE:NNI). Credit Suisse Ag holds 0% or 25,202 shares in its portfolio. Employees Retirement Association Of Colorado accumulated 0% or 6,720 shares. Moreover, Walleye Trading Ltd Liability Corporation has 0% invested in Nelnet, Inc. (NYSE:NNI) for 300 shares. Mufg Americas accumulated 0% or 273 shares.
Insider Transactions: Since November 7, 2016, the stock had 0 insider buys, and 1 sale for $39,000 net activity. 1,000 shares were sold by Munn William J, worth $39,000 on Monday, November 7.
Nelnet, Inc. (NYSE:NNI) Ratings Coverage
Out of 2 analysts covering Nelnet (NYSE:NNI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Nelnet has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Nelnet, Inc. (NYSE:NNI) on Friday, August 7 with “Outperform” rating. The rating was maintained by Compass Point with “Buy” on Friday, August 7. The stock of Nelnet, Inc. (NYSE:NNI) has “Neutral” rating given on Monday, November 14 by Credit Suisse. As per Monday, November 9, the company rating was maintained by Compass Point.
More recent Nelnet, Inc. (NYSE:NNI) news were published by: Marketwatch.com which released: “Nelnet downgraded to neutral from outperform at Credit Suisse” on October 15, 2010. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Prnewswire.com‘s news article titled: “Nelnet Reports Third Quarter 2016 Results” with publication date: November 09, 2016 was also an interesting one.
NNI Company Profile
Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related services and products and student loan asset management. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and telecommunications. The Company’s divisions include Student Loan and Guaranty Servicing, which focuses on student loan servicing, student loan servicing-related technology solutions, and outsourcing services for lenders, guaranty agencies and other entities; Tuition Payment Processing and Campus Commerce, which provides services and products to help students and families manage the payment of education costs at all levels (K-12 and higher education); Asset Generation and Management segment, which includes the acquisition and management of the Company’s student loan assets, and Telecommunications, which focuses on providing fiber optic service directly to homes and businesses for Internet, television and telephone services. The Firm also makes investments in real estate and start-up ventures.
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