Credit Suisse Assumes Manning and Napier Inc to Neutral

Brokerage firm Credit Suisse Assumes its rating on Manning and Napier Inc(NYSE:MN). The shares have been rated Neutral. The rating by Credit Suisse was issued on Jul 14, 2016.

Manning and Napier Inc (MN) shares turned negative on Mondays trading session with the shares closing down -0.15 points or -1.58% at a volume of 2,13,623. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.5999. The peak price level was also seen at $9.5999 while the days lowest was $9.13. Finally the shares closed at $9.34. The 52-week high of the shares is $11.4 while the 52-week low is $5.6. According to the latest information available, the market cap of the company is $140 M.

Manning and Napier Inc(MN) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $64.54M. Analysts had an estimated revenue of $66.07M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. 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.

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