Manning & Napier, Inc. (MN) Files Form 4 Insider Buying : Geoffrey Rosenberger Buys 10,000 Shares

Manning & Napier, Inc. (MN): Geoffrey Rosenberger , director of Manning & Napier, Inc. purchased 10,000 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.95 per share for a total value of $90,201.00 , the company said in a SEC Form 4 Filing.

Manning and Napier Inc: On Friday, May 13, 2016 heightened volatility was witnessed in Manning and Napier Inc which led to swings in the share price. The shares opened for trading at $8.81 and hit $9.22 on the upside , eventually ending the session at $9.14, with a gain of 2.35% or 0.21 points. The heightened volatility saw the trading volume jump to 71,552 shares. The 52-week high of the share price is $12.49 and the company has a market cap of $137 M . The 52-week low of the share price is at $5.6.

Manning and Napier Inc Money Flow Index Chart

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. The Company serves high net worth individuals and institutions including 401(k) plans pension plans Taft-Hartley plans endowments and foundations. The Company’s assets under management (AUM) were $47.8 billion as of December 31 2014. The Company offers a range of consultative services to individual and institutional clients including estate and tax planning asset and liability modeling for defined benefit pension plans retirement and health plan design analysis for employers and donor relations and planned giving services for endowment and foundation clients.

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