Manning and Napier Inc (MN) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.18. The company posted revenue of $67.54 million in the period, compared to analysts expectations of $66.56 million. The company’s revenue was down -22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Manning and Napier Inc. Manning and Napier Inc was Resumed by Credit Suisse to “Neutral” on Jul 15, 2016.
Manning and Napier Inc closed down -0.34 points or -4.00% at $8.15 with 1,55,164 shares getting traded on Thursday. Post opening the session at $8.37, the shares hit an intraday low of $7.93 and an intraday high of $8.38 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 16, 2016, Geoffrey Rosenberger (director) purchased 10,000 shares at $8.95 per share price.
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.