Very Negative Press Coverage Extremely Likely to Impact Manning and Napier (MN) Share Price

News headlines about Manning and Napier (NYSE:MN) have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Manning and Napier earned a daily sentiment score of -3.11 on their scale. InfoTrie also gave media headlines about the asset manager an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.

NYSE MN traded down $0.14 during trading hours on Friday, reaching $2.66. The company’s stock had a trading volume of 261,345 shares, compared to its average volume of 96,246. Manning and Napier has a 52 week low of $1.65 and a 52 week high of $3.85. The stock has a market capitalization of $32.97 million, a P/E ratio of 12.09 and a beta of 1.41.

Manning and Napier (NYSE:MN) last announced its quarterly earnings results on Tuesday, February 5th. The asset manager reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Manning and Napier had a net margin of 1.98% and a return on equity of 12.25%. The firm had revenue of $37.44 million during the quarter, compared to analyst estimates of $38.21 million. On average, research analysts anticipate that Manning and Napier will post 0.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.02 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.08 annualized dividend and a dividend yield of 3.01%. Manning and Napier’s payout ratio is currently 36.36%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Manning and Napier from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. ValuEngine raised shares of Manning and Napier from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

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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.

Further Reading: Closed-End Mutual Funds (CEFs)

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