Manning and Napier (MN) Getting Somewhat Favorable Media Coverage, Study Finds
Press coverage about Manning and Napier (NYSE:MN) has trended somewhat positive on Friday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manning and Napier earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 45.6844889460089 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Manning and Napier (NYSE:MN) traded up 1.41% during trading on Friday, hitting $3.60. 68,385 shares of the company were exchanged. The firm’s 50 day moving average price is $3.78 and its 200-day moving average price is $4.89. The stock has a market capitalization of $54.28 million, a PE ratio of 6.84 and a beta of 1.40. 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 issued its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Manning and Napier had a net margin of 27.98% and a return on equity of 3.91%. The company 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 earned $0.17 EPS. Manning and Napier’s quarterly revenue was down 20.1% on a year-over-year basis. Equities analysts predict that Manning and Napier will post $0.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.89%. Manning and Napier’s payout ratio is 60.38%.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Manning and Napier from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $4.00 price objective on shares of Manning and Napier in a report on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Manning and Napier from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $6.08.
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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.
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