Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report)'s share price 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.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on Manhattan Bridge Capital in a research note on Sunday, May 18th. They set a "strong-buy" rating for the company.
Read Our Latest Stock Report on LOAN
Manhattan Bridge Capital Trading Down 0.2%
The company has a market cap of $62.23 million, a price-to-earnings ratio of 11.57 and a beta of 0.30. The company has a fifty day moving average price of $5.23 and a two-hundred day moving average price of $5.43.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend is Tuesday, July 8th. Manhattan Bridge Capital's dividend payout ratio is currently 97.87%.
Institutional Trading of Manhattan Bridge Capital
A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in shares of Manhattan Bridge Capital during the fourth quarter worth $97,000. Kingsview Wealth Management LLC bought a new position in shares of Manhattan Bridge Capital during the first quarter worth $121,000. OLIO Financial Planning boosted its position in shares of Manhattan Bridge Capital by 17.5% during the first quarter. OLIO Financial Planning now owns 24,568 shares of the credit services provider's stock worth $145,000 after purchasing an additional 3,665 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Manhattan Bridge Capital by 28.4% during the fourth 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 in the last quarter. Finally, LPL Financial LLC bought a new position in shares of Manhattan Bridge Capital during the fourth quarter worth $169,000. Institutional investors and hedge funds own 21.84% of the company's stock.
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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