News articles about Manning and Napier (NYSE:MN) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manning and Napier earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 47.6531619473793 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of NYSE:MN traded up $0.03 on Friday, reaching $2.80. 12,100 shares of the company’s stock were exchanged, compared to its average volume of 66,969. The stock has a market capitalization of $42.17 million, a price-to-earnings ratio of 7.00 and a beta of 1.25. Manning and Napier has a fifty-two week low of $2.55 and a fifty-two week high of $4.35.
Manning and Napier (NYSE:MN) last issued its earnings results on Tuesday, July 31st. The asset manager reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $41.12 million for the quarter, compared to analysts’ expectations of $40.52 million. Manning and Napier had a net margin of 1.12% and a return on equity of 15.05%. sell-side analysts predict that Manning and Napier will post 0.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.43%. Manning and Napier’s dividend payout ratio (DPR) is 80.00%.
A number of analysts have weighed in on the stock. ValuEngine raised shares of Manning and Napier from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research raised shares of Manning and Napier from a “sell” rating to a “hold” rating in a report on Tuesday.
Manning and Napier Company Profile
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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