BUZZ-Student loan servicer Nelnet jumps after quarterly profit beat

Shares of student loan servicing firm Nelnet NNI.N jump as much as 8.1%, last up 7.1% at $119.6

NNI, on Thursday, posted Q4 profit above Wall Street expectations, after missing estimates in the past two quarters

TD Cowen views Q4 as positive, due to better-than-expected servicing revenue and net interest income

NNI is also servicing the $10 billion private education student loan portfolio sold by Discover Financial Services DFS.N last year to buyout giants Carlyle CG.O and KKR KKR.N

The DFS student loan portfolio helped NNI's private education servicing revenue nearly double to $24.8 million, as the loans were converted to its platform

NNI stock up 12% YTD