Ancora Advisors LLC raised its stake in Manning and Napier Inc (NYSE:MN) by 13.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 212,000 shares of the asset manager’s stock after buying an additional 25,000 shares during the quarter. Ancora Advisors LLC owned approximately 1.39% of Manning and Napier worth $742,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Manning and Napier by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 447,699 shares of the asset manager’s stock valued at $1,567,000 after buying an additional 30,718 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in Manning and Napier in the fourth quarter valued at $468,000. Spark Investment Management LLC lifted its stake in Manning and Napier by 176.8% in the fourth quarter. Spark Investment Management LLC now owns 114,600 shares of the asset manager’s stock valued at $412,000 after buying an additional 73,200 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Manning and Napier in the fourth quarter valued at $128,000. Institutional investors own 54.15% of the company’s stock.
Shares of Manning and Napier opened at $3.10 on Monday, according to MarketBeat. Manning and Napier Inc has a fifty-two week low of $2.95 and a fifty-two week high of $4.55. The stock has a market cap of $47.51 million, a P/E ratio of 9.39 and a beta of 1.39.
Manning and Napier (NYSE:MN) last issued its quarterly earnings data on Wednesday, May 2nd. The asset manager reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Manning and Napier had a net margin of 1.54% and a return on equity of 18.81%. The company had revenue of $42.22 million for the quarter, compared to the consensus estimate of $41.38 million. research analysts predict that Manning and Napier Inc will post 0.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Friday, July 13th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend is Thursday, July 12th. Manning and Napier’s dividend payout ratio is currently 80.00%.
A number of research firms have issued reports on MN. Zacks Investment Research upgraded Manning and Napier from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. ValuEngine cut shares of Manning and Napier from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd.
Manning and Napier Company Profile
Manning & Napier, Inc is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States.
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