Manning & Napier (NYSE: MN) spotted trading -51.51% off 52-week high price. On the other end, the stock has been noted -0.18% away from the low price over the last 52-weeks. The stock changed -0.82% to recent value of $1.53. The stock transacted 47994 shares during most recent day however it has an average volume of 43.39K shares. The company has 15.68M of outstanding shares and 14.43M shares were floated in the market.
On July 25, 2019, Manning & Napier (NYSE: MN) announced that its Board of Directors has declared a quarterly dividend of $0.02 per share of Class A common stock. The dividend will be paid on or about November 1, 2019 to shareholders of record as of the close of business on October 15, 2019.
About Manning & Napier
Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, including life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY.
Safe Harbor Statement
This press release and other statements that the Company may make may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the Company’s current views with respect to, among other things, its operations and financial performance. Words like believes, expects, may, estimates, will, should, intends, plans, or anticipates or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what it currently knows about its business and operations, there can be no assurance that its actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company’s actual results to differ from its expectations or beliefs include, without limitation: changes in securities or financial markets or general economic conditions; a decline in the performance of the Company’s products; client sales and redemption activity; changes of government policy or regulations; and other risks discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
Its earnings per share (EPS) expected to touch remained -84.80% for this year while earning per share for the next 5-years is expected to reach at 8.00%. an operating margin of 11.20% while its profit margin remained 1.60% for the last 12 months.
According to the most recent quarter its current ratio was 5.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -9.59% from the mean of 20 days, -17.39% from mean of 50 days SMA and performed -25.66% from mean of 200 days price. Company’s performance for the week was -1.46%, -13.22% for month and YTD performance remained -13.22%.
Anthony Bell is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 8 years of investment experience, an M.B.A. and is also certified in Risk Management Assurance. Anthony is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.
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Phone number: 812-785-4570
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