Nelnet Inc (NYSE: NNI) is 7.29% higher on its value in year-to-date trading and has touched a low of $81.67 and a high of $101.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NNI stock was last observed hovering at around $93.33 in the last trading session, with the day’s gains setting it 1.32%.
Currently trading at $94.65, the stock is 6.60% and 7.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 1.41% at the moment leaves the stock 4.96% off its SMA200. NNI registered 4.60% gain for a year compared to 6-month loss of 5.54%.
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The stock witnessed a 11.41% gain in the last 1 month and extending the period to 3 months gives it a 7.35%, and is 4.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.34% over the week and 1.65% over the month.
Nelnet Inc (NNI) has around 7550 employees, a market worth around $3.51B and $2.13B in sales. Current P/E ratio is 39.57 and Fwd P/E is 16.47. Profit margin for the company is 4.20%. Distance from 52-week low is 15.89% and -6.84% from its 52-week high. The company has generated returns on investments over the last 12 months (0.60%).
Nelnet Inc quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $364.24M over the same period.The EPS is expected to grow by 57.94% this year, but quarterly earnings will post 17.30% year-over-year. Quarterly sales are estimated to grow 9.80% in year-over-year returns.
230 institutions hold shares in Nelnet Inc (NNI), with institutional investors hold 94.06% of the company’s shares. The shares outstanding are 26.40M, and float is at 17.00M with Short Float at 1.41%. Institutions hold 58.38% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 2.09 million shares valued at $201.41 million. The investor’s holdings represent 7.83% of the NNI Shares outstanding. As of Jun 29, 2023, the second largest holder is Magnolia Group, LLC with 1.9 million shares valued at $183.31 million to account for 7.13% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.42 million shares representing 5.33% and valued at over $136.96 million, while Farmers & Merchants Investments Inc holds 5.14% of the shares totaling 1.37 million with a market value of $132.19 million.
Nelnet Inc (NNI) Insider Activity
The most recent transaction is an insider sale by Munn William J, the company’s Secy/Chief Legal Off/Gen Coun. SEC filings show that Munn William J sold 2,500 shares of the company’s common stock on Aug 31 ’23 at a price of $91.30 per share for a total of $0.23 million. Following the sale, the insider now owns 6663.0 shares.
Nelnet Inc disclosed in a document filed with the SEC on Aug 15 ’23 that Van Deun Jona M (Director) sold a total of 785 shares of the company’s common stock. The trade occurred on Aug 15 ’23 and was made at $94.40 per share for $74104.0. Following the transaction, the insider now directly holds 531.0 shares of the NNI stock.
