Shares of Manning & Napier Inc. (NYSE:MN) traded down 2.5% on Thursday . The stock traded as low as $7.40 and last traded at $7.49, with a volume of 71,760 shares trading hands. The stock had previously closed at $7.68.

Several analysts recently weighed in on the company. Credit Suisse Group AG assumed coverage on Manning & Napier in a report on Thursday, July 14th. They issued a “neutral” rating and a $9.00 price objective for the company. Zacks Investment Research lowered Manning & Napier from a “buy” rating to a “hold” rating in a report 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 for the company in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Manning & Napier has an average rating of “Hold” and an average price target of $8.08.

The company has a market capitalization of $114.09 million and a P/E ratio of 10.00. The company’s 50-day moving average price is $8.08 and its 200 day moving average price is $8.30.

Manning & Napier (NYSE:MN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $67.54 million for the quarter, compared to analyst estimates of $65.81 million. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s revenue was down 22.3% compared to the same quarter last year. Analysts predict that Manning & Napier Inc. will post $0.71 EPS for the current year.

A hedge fund recently raised its stake in Manning & Napier stock. Dimensional Fund Advisors LP boosted its stake in Manning & Napier Inc. (NYSE:MN) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

Manning & Napier, Inc is an independent investment management company. The Company operates through investment management industry segment. It 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.

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