Manning & Napier Inc. (NYSE:MN)’s share price fell 2.1% on Thursday . The company traded as low as $7.77 and last traded at $7.84, with a volume of 55,148 shares. The stock had previously closed at $8.01.

A number of brokerages have recently weighed in on MN. Credit Suisse Group AG began coverage on Manning & Napier in a research note on Thursday, July 14th. They set a “neutral” rating and a $9.00 target price on the stock. Zacks Investment Research lowered Manning & Napier from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, Keefe, Bruyette & Woods lowered their price objective on Manning & Napier from $9.25 to $8.75 and set a “market perform” rating on the stock in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $8.25.

The firm has a market cap of $119.81 million and a PE ratio of 10.50. The firm’s 50 day moving average price is $8.53 and its 200 day moving average price is $8.24.

Manning & Napier (NYSE:MN) last announced its earnings results on Wednesday, July 27th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm earned $67.54 million during the quarter, compared to analysts’ expectations of $65.81 million. The firm’s revenue was down 22.3% on a year-over-year basis. On average, analysts expect that Manning & Napier Inc. will post $0.72 earnings per share for the current year.

A hedge fund recently raised its stake in Manning & Napier stock. Dimensional Fund Advisors LP raised its position in Manning & Napier Inc. (NYSE:MN) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,520 shares of the company’s stock after buying an additional 5,316 shares during the period. Dimensional Fund Advisors LP owned about 1.32% of Manning & Napier worth $1,651,000 as of its most recent filing with the SEC.

Manning & Napier, Inc (Manning & Napier) is an independent investment management firm that provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services. The Company offers equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds.

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