Research analysts at StockNews.com assumed coverage on shares of Manning & Napier (NYSE:MN – Get Rating) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the asset manager’s stock.
Manning & Napier Price Performance
NYSE:MN opened at $12.85 on Friday. Manning & Napier has a one year low of $7.25 and a one year high of $12.91. The firm’s fifty day moving average price is $12.64 and its two-hundred day moving average price is $12.60. The company has a market cap of $237.29 million, a P/E ratio of 16.06 and a beta of 2.06.
Institutional Investors Weigh In On Manning & Napier
Hedge funds have recently made changes to their positions in the business. HNP Capital LLC bought a new position in Manning & Napier during the 2nd quarter valued at about $125,000. Horizon Wealth Management LLC bought a new position in shares of Manning & Napier during the 2nd quarter worth approximately $190,000. Chicago Capital Management LLC acquired a new position in Manning & Napier during the 2nd quarter valued at approximately $46,000. Koss Olinger Consulting LLC boosted its holdings in shares of Manning & Napier by 13.0% in the 2nd quarter. Koss Olinger Consulting LLC now owns 15,154 shares of the asset manager’s stock valued at $189,000 after acquiring an additional 1,748 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Manning & Napier during the third quarter worth $774,000. 61.45% of the stock is currently owned by institutional investors.
Manning & Napier Company Profile
Manning & Napier, Inc is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States.
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