Nelnet (NYSE:NNI) Stock Passes Above 200-Day Moving Average - Should You Sell?

Nelnet, Inc. (NYSE:NNI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $110.02 and traded as high as $110.36. Nelnet shares last traded at $110.07, with a volume of 36,533 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Nelnet from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th.

Nelnet Stock Up 0.4 %

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 stock has a 50 day simple moving average of $107.30 and a 200-day simple moving average of $110.02. The firm has a market cap of $4.01 billion, a PE ratio of 36.38 and a beta of 0.91.

Nelnet (NYSE:NNI - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($1.02). Nelnet had a return on equity of 3.78% and a net margin of 5.54%. The company had revenue of $477.80 million during the quarter. During the same period in the previous year, the company posted $1.15 earnings per share. Sell-side analysts predict that Nelnet, Inc. will post 4.52 EPS for the current fiscal year.

Nelnet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. Nelnet's payout ratio is currently 36.84%.

Insider Transactions at Nelnet

In other news, insider William J. Munn sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $108.89, for a total transaction of $272,225.00. Following the completion of the transaction, the insider now directly owns 9,354 shares of the company's stock, valued at $1,018,557.06. The trade was a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 50.10% of the company's stock.

Institutional Investors Weigh In On Nelnet

A number of large investors have recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc purchased a new position in shares of Nelnet in the 4th quarter worth $38,000. Blue Trust Inc. lifted its holdings 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 period. FMR LLC boosted its position in Nelnet by 20.3% in the third quarter. FMR LLC now owns 556 shares of the credit services provider's stock worth $63,000 after purchasing an additional 94 shares during the last quarter. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Nelnet during the 2nd quarter valued at about $212,000. Finally, Quest Partners LLC increased its position in shares of Nelnet by 34,283.3% during the 3rd quarter. Quest Partners LLC now owns 2,063 shares of the credit services provider's stock valued at $234,000 after purchasing an additional 2,057 shares during the last quarter. Institutional investors 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.