Manning & Napier (NYSE:MN) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Manning & Napier (NYSE:MNGet Rating) in a research report report published on Monday morning. The brokerage issued a strong-buy rating on the asset manager’s stock.

MN stock opened at $12.72 on Monday. Manning & Napier has a 12-month low of $6.07 and a 12-month high of $12.91. The business’s 50-day moving average is $9.16 and its 200 day moving average is $8.77. The stock has a market cap of $234.89 million, a price-to-earnings ratio of 10.78 and a beta of 2.89.

Manning & Napier (NYSE:MNGet Rating) last announced its earnings results on Tuesday, February 8th. The asset manager reported $0.35 EPS for the quarter. Manning & Napier had a return on equity of 34.54% and a net margin of 17.25%. The business had revenue of $37.82 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Shareholders of record on Wednesday, March 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.57%. Manning & Napier’s payout ratio is 16.95%.

A number of institutional investors have recently made changes to their positions in MN. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Manning & Napier by 10.9% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 15,250 shares of the asset manager’s stock valued at $127,000 after purchasing an additional 1,500 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Manning & Napier by 48.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 9,200 shares of the asset manager’s stock worth $76,000 after acquiring an additional 3,000 shares during the period. Barclays PLC increased its stake in Manning & Napier by 243.4% during the third quarter. Barclays PLC now owns 4,430 shares of the asset manager’s stock worth $40,000 after acquiring an additional 3,140 shares during the last quarter. Morgan Stanley raised its position in Manning & Napier by 6.5% in the third quarter. Morgan Stanley now owns 82,021 shares of the asset manager’s stock valued at $748,000 after purchasing an additional 4,983 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Manning & Napier by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 98,333 shares of the asset manager’s stock valued at $897,000 after purchasing an additional 5,481 shares during the last quarter. Hedge funds and other institutional investors own 54.44% of the company’s stock.

Manning & Napier Company Profile (Get Rating)

Manning & Napier, Inc engages in the provision of investment advisory servcies. The firm offers a broad range of financial solutions and investment strategies, including wealth management services. It provides investment management services to separately managed accounts, mutual funds, and collective investment trust funds.

See Also

Receive News & Ratings for Manning & Napier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manning & Napier and related companies with MarketBeat.com's FREE daily email newsletter.