Manning and Napier Inc (MN) Announces Quarterly Dividend of $0.16
Manning and Napier (NYSE:MN) declared a quarterly dividend on Thursday, August 7th, Analyst Ratings.Net reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.16 per share on Monday, November 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 3.68%.
On a related note, analysts at Needham & Company LLC raised their price target on shares of Manning and Napier from $18.00 to $20.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Manning and Napier presently has an average rating of “Hold” and an average target price of $19.80.
Manning and Napier (NYSE:MN) traded down 0.86% on Thursday, hitting $17.31. The stock had a trading volume of 29,517 shares. Manning and Napier has a 1-year low of $14.40 and a 1-year high of $19.02. The stock has a 50-day moving average of $17.18 and a 200-day moving average of $16.45. The company has a market cap of $236.2 million and a price-to-earnings ratio of 83.94.
Manning and Napier (NYSE:MN) last released its earnings data on Wednesday, July 30th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $103.90 million for the quarter, compared to the consensus estimate of $102.91 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Manning and Napier will post $1.24 EPS for the current fiscal year.
Manning & Napier, Inc is an independent investment management firm. The Company provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds.
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