Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report)'s share price crossed 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on Manhattan Bridge Capital in a report on Sunday, May 18th. They set a "strong-buy" rating for the company.
Read Our Latest Stock Analysis on Manhattan Bridge Capital
Manhattan Bridge Capital Price Performance
The business has a fifty day simple moving average of $5.24 and a two-hundred day simple moving average of $5.43. The company has a market cap of $61.55 million, a PE 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 (EPS) for the quarter, meeting the consensus estimate of $0.12. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 58.44%. The firm had revenue of $2.27 million for the quarter.
Manhattan Bridge Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Tuesday, July 8th. Manhattan Bridge Capital's payout ratio is 97.87%.
Hedge Funds Weigh In On Manhattan Bridge Capital
Several hedge funds have recently made changes to their positions in LOAN. LPL Financial LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth about $169,000. Advisory Services Network LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth about $97,000. Melia Wealth LLC grew its position in Manhattan Bridge Capital by 3.0% during the 4th quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider's stock worth $1,966,000 after purchasing an additional 10,301 shares during the period. NewEdge Advisors LLC grew its position in Manhattan Bridge Capital by 28.4% during the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock worth $157,000 after purchasing an additional 6,215 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth about $1,684,000. 21.84% of the stock is owned by institutional investors and hedge funds.
Manhattan Bridge Capital Company Profile
(
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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