Manning and Napier (NYSE:MN) posted its quarterly earnings data on Tuesday. The asset manager reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01, MarketWatch Earnings reports. The company had revenue of $40.55 million during the quarter, compared to analysts’ expectations of $41.08 million. Manning and Napier had a net margin of 1.12% and a return on equity of 15.05%.
NYSE:MN traded up $0.03 during trading hours on Wednesday, reaching $2.00. 400 shares of the company were exchanged, compared to its average volume of 82,192. The stock has a market capitalization of $27.29 million, a PE ratio of 4.90 and a beta of 1.20. Manning and Napier has a twelve month low of $1.67 and a twelve month high of $4.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Tuesday, January 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Monday, January 14th. Manning and Napier’s dividend payout ratio is presently 80.00%.
About Manning and Napier
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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