Nelnet (NYSE:NNI - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.
Nelnet Trading Up 0.4 %
Nelnet stock traded up $0.48 during midday trading on Wednesday, reaching $113.11. The stock had a trading volume of 41,545 shares, compared to its average volume of 37,924. Nelnet has a twelve month low of $83.75 and a twelve month high of $127.32. 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 firm has a market cap of $4.10 billion, a price-to-earnings ratio of 37.21 and a beta of 0.91. The firm's fifty day simple moving average is $108.36 and its two-hundred day simple moving average is $110.33.
Institutional Trading of Nelnet
Institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its holdings in Nelnet by 25.3% in the second quarter. Creative Planning now owns 4,448 shares of the credit services provider's stock worth $449,000 after purchasing an additional 898 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nelnet in the 3rd quarter valued at approximately $499,000. Inspire Investing LLC boosted its position in Nelnet by 5.0% during the third quarter. Inspire Investing LLC now owns 3,662 shares of the credit services provider's stock worth $415,000 after purchasing an additional 175 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in shares of Nelnet during the 3rd quarter worth $865,000. Finally, Harbor Capital Advisors Inc. grew its position in shares of Nelnet by 60.0% in the third quarter. Harbor Capital Advisors Inc. now owns 5,434 shares of the credit services provider's stock valued at $616,000 after purchasing an additional 2,038 shares during the last quarter. 33.51% of the stock is currently owned by institutional investors and hedge funds.
About Nelnet
(
Get Free Report)
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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