Media coverage about Manning & Napier (NYSE:MN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Manning & Napier earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 45.6524176420191 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Manning & Napier (NYSE MN) traded down $0.15 during trading hours on Tuesday, reaching $3.60. 73,100 shares of the company’s stock traded hands, compared to its average volume of 137,596. Manning & Napier has a 52-week low of $3.00 and a 52-week high of $8.15. The stock has a market cap of $56.40, a P/E ratio of 7.35, a P/E/G ratio of 1.05 and a beta of 1.52.
Manning & Napier (NYSE:MN) last issued its quarterly earnings results on Wednesday, November 1st. The asset manager reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $48.84 million for the quarter, compared to analysts’ expectations of $47.52 million. Manning & Napier had a return on equity of 30.20% and a net margin of 3.30%. The business’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. sell-side analysts forecast that Manning & Napier will post 0.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.89%. Manning & Napier’s dividend payout ratio (DPR) is presently 66.67%.
A number of brokerages have recently issued reports on MN. Zacks Investment Research upgraded shares of Manning & Napier from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 price target on shares of Manning & Napier in a report on Friday, November 10th. Finally, ValuEngine upgraded shares of Manning & Napier from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
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Manning & Napier Company Profile
Manning & Napier, Inc is an independent investment management company. The Company operates through investment management industry segment. It provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services.
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