Nelnet Inc. (NNI) Soars 2.76% on June 15

Equities Staff  |

Nelnet Inc. (NNI) had a good day on the market for Monday June 15 as shares jumped 2.76% to close at $48.69. About 118,400 shares traded hands on 2,520 trades for the day, compared with an average daily volume of n/a shares out of a total float of 39.08 million. After opening the trading day at $46.19, shares of Nelnet Inc. stayed within a range of $49.05 to $46.18.

With today's gains, Nelnet Inc. now has a market cap of $1.9 billion. Shares of Nelnet Inc. have been trading within a range of $69.98 and $36.71 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Nelnet Inc holds student loans and engages in student loan servicing and tuition payment processing. The majority of company revenue is interest income from the student loans the company holds. Nelnet holds student loans that it originated under the Federal Family Education Loan Program before 2010. Because of the Health Care and Education Reconciliation Act of 2010, which authorized only the federal government to originate these loans, Nelnet cannot originate new student loans, but it can and does purchase existing loans from other lenders. Virtually all other company revenue comes from fees it earns by servicing student loans owned by itself and others, including the government, and tuition payment processing for over 800 colleges and universities as well as nearly 10,000 K-12 schools.

Nelnet Inc. is based out of Lincoln, NE and has some 6,600 employees. Its CEO is Jeffrey R. Noordhoek.

For a complete fundamental analysis of Nelnet Inc., check out Equities.com’s Stock Valuation Analysis report for NNI.

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Nelnet Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Nelnet Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: NNI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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