Manning & Napier (MN) Given News Sentiment Rating of 0.04
News articles about Manning & Napier (NYSE:MN) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manning & Napier earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 45.6572779229796 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms recently weighed in on MN. Zacks Investment Research upgraded shares of Manning & Napier from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine cut shares of Manning & Napier from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price target on shares of Manning & Napier in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating, Manning & Napier currently has a consensus rating of “Hold” and a consensus target price of $6.08.
Manning & Napier (NYSE MN) traded up 1.49% on Friday, reaching $3.40. 97,915 shares of the company traded hands. The stock’s 50 day moving average price is $3.86 and its 200 day moving average price is $4.97. Manning & Napier has a one year low of $3.00 and a one year high of $8.15. The company has a market capitalization of $51.27 million, a PE ratio of 6.46 and a beta of 1.40.
Manning & Napier (NYSE:MN) last posted its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. Manning & Napier had a net margin of 3.41% and a return on equity of 34.28%. The firm had revenue of $51.53 million for the quarter, compared to the consensus estimate of $50.22 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 20.1% compared to the same quarter last year. On average, equities research analysts predict that Manning & Napier will post $0.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.32 annualized dividend and a dividend yield of 9.41%. Manning & Napier’s dividend payout ratio (DPR) is currently 60.38%.
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About Manning & Napier
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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