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. The firm employs fundamental analysis along with a combination of bottom-up and top-down stock picking approach to create its portfolios. Manning & Napier, Inc. was founded in 1970 and is based in Fairport, New York with additional offices in Dublin, Ohio; St. Petersburg, Florida; and Chicago, Illinois.
Manning & Napier Stock Performance
MN Stock traded down $0.01 during midday trading on Wednesday, reaching $12.75. The company's stock had a trading volume of 32,430 shares, compared to its average volume of 155,338. The firm has a market capitalization of $235.44 million, a price-to-earnings ratio of 15.95 and a beta of 2.18. Manning & Napier has a 1 year low of $7.25 and a 1 year high of $12.91. The stock has a fifty day simple moving average of $12.60 and a two-hundred day simple moving average of $11.32.
Manning & Napier Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 5th will be given a $0.05 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.20 annualized dividend and a yield of 1.57%. Manning & Napier's dividend payout ratio (DPR) is 25.00%.
Analyst Ratings Changes
Separately, StockNews.com cut Manning & Napier from a "buy" rating to a "hold" rating in a research note on Friday, June 10th.