Manning and Napier (NYSE:MN) Share Price Passes Above 200 Day Moving Average of $1.82

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Shares of Manning and Napier Inc (NYSE:MN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.82 and traded as high as $1.90. Manning and Napier shares last traded at $1.85, with a volume of 94,360 shares.

Separately, Zacks Investment Research downgraded Manning and Napier from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

The company has a market cap of $27.76 million, a PE ratio of 20.56 and a beta of 0.98. The business has a 50-day simple moving average of $1.92 and a 200-day simple moving average of $1.82. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.13.

Manning and Napier (NYSE:MN) last released its earnings results on Wednesday, February 5th. The asset manager reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $32.73 million for the quarter, compared to the consensus estimate of $33.44 million. Manning and Napier had a return on equity of 8.13% and a net margin of 1.05%. On average, research analysts forecast that Manning and Napier Inc will post 0.17 EPS for the current fiscal year.

An institutional investor recently raised its position in Manning and Napier stock. Ancora Advisors LLC lifted its stake in Manning and Napier Inc (NYSE:MN) by 30.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 790,000 shares of the asset manager’s stock after purchasing an additional 183,000 shares during the quarter. Ancora Advisors LLC owned about 5.07% of Manning and Napier worth $1,485,000 at the end of the most recent reporting period. Institutional investors own 43.51% of the company’s stock.

Manning and Napier Company Profile (NYSE:MN)

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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