Nelnet (NYSE:NNI) Upgraded at StockNews.com

Nelnet (NYSE:NNI - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.

Separately, TD Cowen upped their price objective on shares of Nelnet from $96.00 to $98.00 and gave the stock a "hold" rating in a research report on Monday, August 12th.

Nelnet Price Performance

Shares of NYSE:NNI traded up $0.66 during trading on Friday, reaching $108.51. 55,470 shares of the company traded hands, compared to its average volume of 74,039. The firm has a market capitalization of $3.94 billion, a PE ratio of 35.69 and a beta of 0.90. Nelnet has a 52 week low of $82.22 and a 52 week high of $127.32. The company has a quick ratio of 31.47, a current ratio of 31.47 and a debt-to-equity ratio of 2.78. The company's 50 day moving average is $111.72 and its two-hundred day moving average is $108.88.

Insider Buying and Selling at Nelnet

In related news, insider William J. Munn sold 2,500 shares of the company'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 in the company, valued at $1,018,557.06. This represents a 21.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 50.10% of the company's stock.

Institutional Trading of Nelnet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Nelnet by 20.3% during the 3rd quarter. FMR LLC now owns 556 shares of the credit services provider's stock valued at $63,000 after acquiring an additional 94 shares in the last quarter. Security National Bank of Sioux City Iowa IA bought a new position in Nelnet in the second quarter valued at about $212,000. Quest Partners LLC boosted its stake in shares of Nelnet by 34,283.3% during the third 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 in the last quarter. MML Investors Services LLC boosted its stake in shares of Nelnet by 7.4% during the third quarter. MML Investors Services LLC now owns 2,279 shares of the credit services provider's stock valued at $258,000 after purchasing an additional 157 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Nelnet during the third quarter worth about $288,000. Institutional investors own 33.51% of the company's stock.

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.

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