Media headlines about Manning and Napier (NYSE:MN) have been trending neutral recently, InfoTrie reports. The research firm identifies positive and negative media coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Manning and Napier earned a media sentiment score of 0.14 on their scale. InfoTrie also assigned news coverage about the asset manager an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Separately, Zacks Investment Research upgraded Manning and Napier from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th.
Manning and Napier stock traded down $0.03 during trading on Wednesday, reaching $1.77. 87,896 shares of the company were exchanged, compared to its average volume of 62,449. Manning and Napier has a 52-week low of $1.65 and a 52-week high of $3.35. The company has a market cap of $29.64 million, a price-to-earnings ratio of 8.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.70 and a current ratio of 5.70.
Manning and Napier (NYSE:MN) last announced its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Manning and Napier had a return on equity of 9.66% and a net margin of 1.65%. The company had revenue of $34.80 million for the quarter, compared to analysts’ expectations of $35.07 million. On average, analysts predict that Manning and Napier will post 0.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.08 dividend on an annualized basis and a yield of 4.52%. Manning and Napier’s dividend payout ratio is currently 36.36%.
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About Manning and Napier
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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