Manolete Partners (LON:MANO) Releases Quarterly Earnings Results

Manolete Partners (LON:MANO) posted its quarterly earnings data on Thursday. The company reported GBX 2.50 earnings per share for the quarter, Digital Look Earnings reports. Manolete Partners had a net margin of 3.92% and a return on equity of 2.62%. The company had revenue of GBX 2,788 million during the quarter.

Manolete Partners Stock Performance

Manolete Partners stock opened at GBX 36 on Friday. The stock has a market capitalization of £15.77 million, a price-to-earnings ratio of 25.53 and a beta of 0.60. Manolete Partners has a 52-week low of GBX 32 and a 52-week high of GBX 118. The stock’s 50 day moving average price is GBX 39.91 and its two-hundred day moving average price is GBX 51.17.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 67.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.