Manning & Napier, Inc. (NYSE:MN) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in Manning & Napier, Inc. (NYSE:MN) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,465 shares of the asset manager’s stock after selling 12,474 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.55% of Manning & Napier worth $2,636,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MN. BlackRock Inc. grew its position in shares of Manning & Napier by 1.5% in the fourth quarter. BlackRock Inc. now owns 161,784 shares of the asset manager’s stock valued at $1,015,000 after purchasing an additional 2,318 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Manning & Napier by 18.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 179,014 shares of the asset manager’s stock worth $1,122,000 after acquiring an additional 28,429 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Manning & Napier by 100.4% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 49,108 shares of the asset manager’s stock worth $306,000 after acquiring an additional 24,608 shares during the last quarter. Renaissance Technologies LLC boosted its position in Manning & Napier by 3.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,188,568 shares of the asset manager’s stock worth $7,452,000 after acquiring an additional 39,900 shares during the last quarter. Finally, Mutual Advisors LLC boosted its position in Manning & Napier by 14.8% during the fourth quarter. Mutual Advisors LLC now owns 11,640 shares of the asset manager’s stock worth $73,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 34.18% of the company’s stock.

Shares of NYSE MN opened at $7.99 on Friday. Manning & Napier, Inc. has a 1 year low of $2.65 and a 1 year high of $8.70. The stock’s 50 day moving average price is $7.47. The firm has a market capitalization of $135.77 million, a price-to-earnings ratio of 11.75 and a beta of 3.07.

Manning & Napier (NYSE:MN) last posted its quarterly earnings results on Wednesday, April 28th. The asset manager reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.24. The company had revenue of $34.15 million for the quarter. Manning & Napier had a net margin of 11.06% and a return on equity of 26.70%.

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.

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

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