Shares of Manning & Napier Inc. (NYSE:MN) were down 2.1% during mid-day trading 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.

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

The stock’s 50-day moving average is $8.58 and its 200 day moving average is $8.24. The company has a market capitalization of $118.15 million and a price-to-earnings ratio of 10.36.

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

An institutional investor recently raised its position in Manning & Napier stock. Dimensional Fund Advisors LP increased its stake in Manning & Napier Inc. (NYSE:MN) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,520 shares of the company’s stock after buying an additional 5,316 shares during the period. Dimensional Fund Advisors LP owned 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.