Manning and Napier (MN) Getting Somewhat Favorable Media Coverage, Study Shows

News headlines about Manning and Napier (NYSE:MN) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 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 and Napier earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 45.4378115245848 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of analysts have weighed in on MN shares. ValuEngine upgraded shares of Manning and Napier from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Manning and Napier from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price objective on shares of Manning and Napier in a research note on Friday, November 10th.

Manning and Napier (NYSE:MN) traded up $0.15 during trading hours on Monday, reaching $3.70. 184,900 shares of the company’s stock were exchanged, compared to its average volume of 136,676. The company has a market cap of $53.39, a price-to-earnings ratio of 7.71, a P/E/G ratio of 1.00 and a beta of 1.52. Manning and Napier has a 1-year low of $3.00 and a 1-year high of $8.15.

Manning and Napier (NYSE:MN) last released its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Manning and Napier had a net margin of 3.30% and a return on equity of 30.20%. The firm had revenue of $48.84 million for the quarter, compared to the consensus estimate of $47.52 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. analysts predict that Manning and Napier will post 0.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend is Thursday, January 11th. Manning and Napier’s dividend payout ratio (DPR) is presently 66.67%.

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Manning and 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.

Insider Buying and Selling by Quarter for Manning and Napier (NYSE:MN)

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