NNI - Nelnet, Inc.

NYSE - NYSE Delayed Price. Currency in USD
49.29
-1.26 (-2.49%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close50.55
Open50.15
Bid47.32 x 1100
Ask51.92 x 2200
Day's Range48.36 - 50.37
52 Week Range36.70 - 69.97
Volume120,444
Avg. Volume123,763
Market Cap1.931B
Beta (5Y Monthly)0.51
PE Ratio (TTM)32.99
EPS (TTM)1.49
Earnings DateAug 06, 2020 - Aug 10, 2020
Forward Dividend & Yield0.80 (1.58%)
Ex-Dividend DateMay 29, 2020
1y Target Est50.00
  • Nelnet's Largest Division Unveils New Name and New Website
    PR Newswire

    Nelnet's Largest Division Unveils New Name and New Website

    To better align with the company's mission of service — which began over 40 years ago — Nelnet today announced that its largest division, Nelnet Diversified Solutions, has changed its name to Nelnet Diversified Services. The company also launched a new divisional website at Nelnetinc.com/nds.

  • Berger Montague: Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers' Credit, Mishandling Pandemic Relief
    PR Newswire

    Berger Montague: Great Lakes, Equifax, TransUnion, and Experian Sued for Damaging Millions of Student Loan Borrowers' Credit, Mishandling Pandemic Relief

    Today, individuals representing a class of millions of student loan borrowers sued five of the nation's largest financial companies for illegally damaging borrowers' credit and mishandling CARES Act pandemic relief. This lawsuit, Sass et al. v. Great Lakes et. al., was filed against Great Lakes Education Loan Services Inc., a subsidiary of student loan company Nelnet Corporation (NYSE: NNI), along with national consumer reporting agencies Equifax (NYSE: EFX), TransUnion (NYSE: TRU), Experian (LON: EXPN), and the consumer reporting agencies' jointly owned subsidiary Vantage Score Solutions, LLC. The plaintiffs are represented by Towards Justice, a non-profit economic justice law firm, and Berger Montague, with support from the Student Borrower Protection Center.

  • Analysts Have Been Trimming Their Nelnet, Inc. (NYSE:NNI) Price Target After Its Latest Report
    Simply Wall St.

    Analysts Have Been Trimming Their Nelnet, Inc. (NYSE:NNI) Price Target After Its Latest Report

    Last week, you might have seen that Nelnet, Inc. (NYSE:NNI) released its first-quarter result to the market. The early...

  • Nelnet Reports First Quarter 2020 Results
    PR Newswire

    Nelnet Reports First Quarter 2020 Results

    Nelnet (NYSE: NNI) today reported a GAAP net loss of $40.5 million, or $1.01 per share, for the first quarter of 2020, compared with GAAP net income of $41.6 million, or $1.03 per share, for the same period a year ago.

  • Introducing Nelnet (NYSE:NNI), The Stock That Dropped 26% In The Last Year
    Simply Wall St.

    Introducing Nelnet (NYSE:NNI), The Stock That Dropped 26% In The Last Year

    Nelnet, Inc. (NYSE:NNI) shareholders should be happy to see the share price up 11% in the last month. But in truth the...

  • Nelnet Issues Statement Regarding Department of Education NextGen Enhanced Processing Solution Proposal
    PR Newswire

    Nelnet Issues Statement Regarding Department of Education NextGen Enhanced Processing Solution Proposal

    Nelnet (NYSE: NNI) announced today that the U.S. Department of Education, Office of Federal Student Aid (Department) has notified the company that the company's proposal in response to the Enhanced Processing Solution (EPS) component of the Department's Next Generation Financial Servicing Environment (NextGen) contract procurement process has been determined to be outside of the competitive range and will receive no further consideration for an award. EPS is the technology system and certain processing functions the Department plans to use under NextGen to service the Department's 43 million student loan customers. Nelnet has requested a debriefing by the Department and the company intends to file a protest challenging the decision.

  • Do Hedge Funds Love Nelnet, Inc. (NNI)?
    Insider Monkey

    Do Hedge Funds Love Nelnet, Inc. (NNI)?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • BenefitEd to Offer Nontaxable Student Loan Repayment Programs to Employers
    PR Newswire

    BenefitEd to Offer Nontaxable Student Loan Repayment Programs to Employers

    BenefitEd, a joint venture between Ameritas and Nelnet offering customized student loan repayment and college savings programs to companies of all sizes, will begin working with employers to offer tax-advantaged student loan repayment programs.

  • Nelnet Board of Directors Appoints New Member; Director Resigns
    PR Newswire

    Nelnet Board of Directors Appoints New Member; Director Resigns

    Nelnet (NYSE: NNI) announced today that its Board of Directors appointed JoAnn M. Martin, vice chair of the Ameritas Mutual Holding Company and Ameritas Life Insurance Corp., to the board.

  • Moody's

    Nelnet Student Loan Trust 2020-3 -- Moody's assigns definitive ratings to Nelnet Student Loan Trust 2020-3

    Moody's Investors Service, ("Moody's") has assigned definitive ratings of Aaa (sf) to the Class A and B notes issued by Nelnet Student Loan Trust 2020-3. The underlying collateral consists of Federal Family Education Loan Program (FFELP) rehabilitated student loans. The ratings are based on the underlying collateral consisting of 100% FFELP student loans, which are indirectly guaranteed by the U.S. Department of Education for a minimum of 97% of defaulted principal and accrued interest; the overcollateralization of the trust, which has an initial parity level of 104.37%; a reserve account sized at the greater of 3.00% of the note balance outstanding, which steps down to 1.00% of the note balance outstanding on May 2022, which further steps down to 0.25% in April 2023, and has a floor of approximately $0.35 million; an initial overcollateralization level of 4.2% of the initial pool balance; and excess spread that is expected to average between 50 and 70 basis points per annum.

  • Nelnet Receives Approval to Establish Nelnet Bank
    PR Newswire

    Nelnet Receives Approval to Establish Nelnet Bank

    Nelnet (NYSE: NNI) announced that Nelnet Bank received notification of approval from the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish a Utah-charted industrial bank. Nelnet Bank will operate as an internet bank franchise with a home office in Salt Lake City and will leverage Nelnet's experience and expertise helping students and families plan and pay for their education.

  • Moody's

    Nelnet Student Loan Trust 2020-3 -- Moody's assigns provisional ratings to Nelnet Student Loan Trust 2020-3

    Moody's Investors Service, ("Moody's") has assigned provisional ratings of (P)Aaa (sf) to the Class A and B notes to be issued by Nelnet Student Loan Trust 2020-3. The underlying collateral consists of Federal Family Education Loan Program (FFELP) rehabilitated and non-rehabilitated student loans. Upon a conclusive review of the final documentation, Moody's will endeavor to assign final ratings to the securities.

  • 5 Guru Stocks Boosting Book Value
    GuruFocus.com

    5 Guru Stocks Boosting Book Value

    AutoNation on the list Continue reading...

  • Nelnet Reports Fourth Quarter 2019 Results
    PR Newswire

    Nelnet Reports Fourth Quarter 2019 Results

    Nelnet (NYSE: NNI) today reported GAAP net income of $42.4 million, or $1.06 per share, for the fourth quarter of 2019, compared with GAAP net income of $21.6 million, or $0.53 per share, for the same period a year ago.

  • Nelnet, Inc. (NYSE:NNI) Stock Goes Ex-Dividend In Just 3 Days
    Simply Wall St.

    Nelnet, Inc. (NYSE:NNI) Stock Goes Ex-Dividend In Just 3 Days

    It looks like Nelnet, Inc. (NYSE:NNI) is about to go ex-dividend in the next 3 days. If you purchase the stock on or...

  • Here's What We Think About Nelnet, Inc.'s (NYSE:NNI) CEO Pay
    Simply Wall St.

    Here's What We Think About Nelnet, Inc.'s (NYSE:NNI) CEO Pay

    Jeff Noordhoek became the CEO of Nelnet, Inc. (NYSE:NNI) in 2014. This report will, first, examine the CEO...

  • Moody's

    Nelnet Student Loan Trust 2020-1 -- Moody's assigns definitive ratings to Nelnet Student Loan Trust 2020-1

    Moody's Investors Service, ("Moody's") has assigned definitive ratings of Aaa (sf) to the Class A and B notes issued by Nelnet Student Loan Trust 2020-1. The underlying collateral consists of Federal Family Education Loan Program (FFELP) rehabilitated and non-rehabilitated student loans. The ratings are based on the underlying collateral consisting of 100% FFELP student loans, which are indirectly guaranteed by the U.S. Department of Education for a minimum of 97% of defaulted principal and accrued interest; the overcollateralization of the trust, which has an initial parity level of 103.0%; a reserve account sized at the greater of 1.25% of the note balance outstanding, which steps down to 1.00% of the note balance outstanding in March 2022, which further steps down to 0.25% in February 2023, and has a floor of approximately 0.10% of the initial aggregate outstanding principal amount; an initial overcollateralization level of 2.9% of the initial pool balance; and excess spread that is expected to average between 55 and 75 basis points per annum.

  • Moody's

    Nelnet Student Loan Trust 2006-1 -- Moody's upgrades one class of notes in Nelnet Student Loan Trust 2006-1

    Moody's Investors Service, ("Moody's") has upgraded the rating of the Class A-6 Notes issued by Nelnet Student Loan Trust 2006-1. The securitization is backed by student loans originated under the Federal Family Education Loan Program (FFELP) that are guaranteed by the US government for a minimum of 97% of defaulted principal and accrued interest.

  • PR Newswire

    Scott Spethman Appointed President of FACTS

    FACTS, a division of Nelnet, Inc. (NYSE: NNI) and broad-based services and technology partner for more than 11,500 schools, today announced the appointment of Scott Spethman as president, effective immediately. Spethman most recently served as chief sales officer for Nelnet Business Solutions, overseeing sales and customer relationships for FACTS in the K-12 market and Nelnet Campus Commerce in higher education.

  • Moody's

    Nelnet Student Loan Trust 2020-1 -- Moody's assigns provisional rating to Nelnet Student Loan Trust 2020-1

    Moody's Investors Service, ("Moody's") has assigned provisional ratings of (P)Aaa (sf) to the Class A and B notes to be issued by Nelnet Student Loan Trust 2020-1. The underlying collateral consists of Federal Family Education Loan Program (FFELP) rehabilitated and non-rehabilitated student loans. Upon a conclusive review of the final documentation, Moody's will endeavor to assign final ratings to the securities.

  • Nelnet Board Approves Dividend
    PR Newswire

    Nelnet Board Approves Dividend

    Nelnet, Inc. (NYSE: NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.20 per share. The dividend will be paid on Friday, March 13, 2020, to shareholders of record at the close of business on Friday, February 28, 2020.

  • 77 Lincoln Nonprofits To Receive Free Internet Service For Ten Years
    PR Newswire

    77 Lincoln Nonprofits To Receive Free Internet Service For Ten Years

    Mayor Leirion Gaylor Baird and ALLO Communications today announced the 77 nonprofit organizations that will receive free one gigabit broadband service for 10 years. The Community Connect Program was a key component of the City's broadband franchise agreement with ALLO, a Nebraska-based telecommunications company. A list of the nonprofits is attached.

  • Nelnet to Announce Fourth Quarter and Year-End Results
    PR Newswire

    Nelnet to Announce Fourth Quarter and Year-End Results

    Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2019, after the close of the New York Stock Exchange on Thursday, February 27, 2020. Upon release, additional earnings information will be available at www.nelnetinvestors.com.

  • How Does Nelnet, Inc. (NYSE:NNI) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Nelnet, Inc. (NYSE:NNI) Fare As A Dividend Stock?

    Dividend paying stocks like Nelnet, Inc. (NYSE:NNI) tend to be popular with investors, and for good reason - some...

  • Moody's

    Nelnet Student Loan Trust 2019-7 -- Moody's assigns definitive ratings to Nelnet Student Loan Trust 2019-7

    Moody's Investors Service ("Moody's") has assigned definitive ratings of Aaa (sf) to the Class A-1, A-2, and B notes issued by Nelnet Student Loan Trust 2019-7. The underlying collateral consists of Federal Family Education Loan Program (FFELP) rehabilitated and non-rehabilitated student loans. The ratings are based on the underlying collateral consisting of 100% FFELP student loans, which are indirectly guaranteed by the U.S. Department of Education for a minimum of 97% of defaulted principal and accrued interest; the overcollateralization of the trust, which has an initial parity level of 103.1%; a reserve account sized at the greater of 1.25% of the note balance outstanding, which steps down to 1.00% of the note balance outstanding on January 2022, which further steps down to 0.25% on December 2022, and has a floor of approximately $0.42 million; an initial overcollateralization level of 3.0% of the initial pool balance; and excess spread that is expected to average between 15 and 35 basis points per annum.