HNP Capital LLC Invests $41,000 in Manning & Napier, Inc. (NYSE:MN)

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HNP Capital LLC acquired a new position in shares of Manning & Napier, Inc. (NYSE:MN) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,000 shares of the asset manager’s stock, valued at approximately $41,000. HNP Capital LLC owned about 0.06% of Manning & Napier as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its position in Manning & Napier by 271.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 150,585 shares of the asset manager’s stock worth $643,000 after buying an additional 110,085 shares in the last quarter. Bridgeway Capital Management Inc. raised its stake in Manning & Napier by 8.0% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 684,100 shares of the asset manager’s stock valued at $1,957,000 after purchasing an additional 50,800 shares during the period. Jane Street Group LLC bought a new stake in Manning & Napier during the 2nd quarter valued at approximately $99,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Manning & Napier during the 2nd quarter valued at approximately $34,000. Finally, Mutual Advisors LLC bought a new stake in Manning & Napier during the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 32.11% of the company’s stock.

Shares of NYSE:MN traded up $0.05 during midday trading on Tuesday, hitting $4.19. The company had a trading volume of 62,018 shares, compared to its average volume of 100,275. Manning & Napier, Inc. has a twelve month low of $0.99 and a twelve month high of $4.97. The stock has a market cap of $68.19 million, a price-to-earnings ratio of 23.28 and a beta of 3.12. The business’s 50-day simple moving average is $4.15 and its 200-day simple moving average is $3.55.

Manning & Napier (NYSE:MN) last issued its quarterly earnings data on Wednesday, October 28th. The asset manager reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.08. Manning & Napier had a return on equity of 10.13% and a net margin of 3.60%.

In other news, Director Ebrahim Busheri purchased 16,008 shares of the firm’s stock in a transaction dated Thursday, November 12th. The shares were acquired at an average price of $3.85 per share, with a total value of $61,630.80. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 51,718 shares of company stock worth $202,165 in the last three months. Corporate insiders own 12.10% of the company’s stock.

Separately, ValuEngine raised Manning & Napier from a “sell” rating to a “hold” rating in a research note on Tuesday, August 18th.

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.

Further Reading: How is net asset value different from market price?

Institutional Ownership by Quarter for Manning & Napier (NYSE:MN)

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