Shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.23 and traded as high as $5.65. Manhattan Bridge Capital shares last traded at $5.45, with a volume of 55,963 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on shares of Manhattan Bridge Capital in a research report on Sunday, May 18th. They issued a "strong-buy" rating for the company.
View Our Latest Stock Report on Manhattan Bridge Capital
Manhattan Bridge Capital Trading Down 0.4%
The stock's 50-day simple moving average is $5.24 and its 200-day simple moving average is $5.43. The firm has a market capitalization of $61.55 million, a P/E ratio of 11.45 and a beta of 0.30.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $2.27 million for the quarter. Manhattan Bridge Capital had a net margin of 58.44% and a return on equity of 12.68%.
Manhattan Bridge Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Tuesday, July 8th. Manhattan Bridge Capital's payout ratio is 97.87%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hardy Reed LLC boosted its stake in Manhattan Bridge Capital by 4.3% in the first quarter. Hardy Reed LLC now owns 386,259 shares of the credit services provider's stock valued at $2,283,000 after acquiring an additional 15,760 shares during the last quarter. Melia Wealth LLC lifted its stake in shares of Manhattan Bridge Capital by 2.8% during the 1st quarter. Melia Wealth LLC now owns 360,918 shares of the credit services provider's stock valued at $2,133,000 after buying an additional 9,778 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at approximately $1,684,000. Avant Financial Advisors LLC purchased a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at approximately $1,626,000. Finally, OLIO Financial Planning lifted its stake in shares of Manhattan Bridge Capital by 196.3% during the 2nd quarter. OLIO Financial Planning now owns 72,798 shares of the credit services provider's stock valued at $398,000 after buying an additional 48,230 shares in the last quarter. 21.84% of the stock is currently owned by hedge funds and other institutional investors.
About Manhattan Bridge Capital
(
Get Free Report)
Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.
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