Manhattan Bridge Capital (LOAN) to Release Quarterly Earnings on Tuesday

Key Points

• Earnings release Tuesday, April 21: Analysts expect Manhattan Bridge Capital to report EPS of $0.12 and revenue of $2.182M; in the prior quarter the company posted $0.10 EPS (meeting estimates) but reported $0.00M in revenue versus $2.11M expected.
• High-yield dividend: The firm declared a $0.11 quarterly dividend (annualized $0.44) with a ~9.9% yield and a 97.78% payout ratio, indicating limited flexibility in the payout.
• Valuation and sentiment: LOAN trades around $4.44 with a $50.7M market cap and a P/E of ~9.9; analysts' consensus rating is "Hold" and institutional investors own about 21.84% of the stock.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) is projected to release its results before the market opens on Tuesday, April 21st. Analysts expect Manhattan Bridge Capital to post earnings of $0.12 per share and revenue of $2.1820 million for the quarter.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $0.00 million during the quarter, compared to analyst estimates of $2.11 million. Manhattan Bridge Capital had a return on equity of 11.81% and a net margin of 58.97%.

Manhattan Bridge Capital Price Performance

LOAN stock opened at $4.44 on Tuesday. The business has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $4.71. The firm has a market capitalization of $50.74 million, a PE ratio of 9.87 and a beta of 0.21. Manhattan Bridge Capital has a 1 year low of $4.13 and a 1 year high of $5.85.

Manhattan Bridge Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th will be given a $0.11 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 9.9%. Manhattan Bridge Capital's dividend payout ratio is 97.78%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Manhattan Bridge Capital by 2.5% in the third quarter. Vanguard Group Inc. now owns 383,385 shares of the credit services provider's stock valued at $2,116,000 after acquiring an additional 9,330 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Manhattan Bridge Capital by 28.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider's stock valued at $1,996,000 after acquiring an additional 81,220 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Manhattan Bridge Capital by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 181,728 shares of the credit services provider's stock valued at $845,000 after acquiring an additional 7,900 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Manhattan Bridge Capital by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,087 shares of the credit services provider's stock valued at $521,000 after acquiring an additional 3,046 shares during the last quarter. Finally, Gen Wealth Partners Inc acquired a new position in Manhattan Bridge Capital in the fourth quarter valued at approximately $161,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Manhattan Bridge Capital in a research report on Friday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc NASDAQ: LOAN is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients' growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.

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