Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.44 and traded as low as $5.13. Manhattan Bridge Capital shares last traded at $5.22, with a volume of 7,582 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen began coverage on shares of Manhattan Bridge Capital in a research note on Sunday, May 18th. They set a "strong-buy" rating for the company.
Read Our Latest Research Report on Manhattan Bridge Capital
Manhattan Bridge Capital Trading Up 1.0%
The stock has a market capitalization of $59.72 million, a PE ratio of 11.11 and a beta of 0.29. The company's 50 day simple moving average is $5.15 and its 200 day simple moving average is $5.44.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its earnings results on Thursday, April 24th. The credit services provider reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.27 million during 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 company 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. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $0.46 annualized dividend and a yield of 8.81%. Manhattan Bridge Capital's payout ratio is currently 97.87%.
Institutional Trading of Manhattan Bridge Capital
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Manhattan Bridge Capital in the 4th quarter worth approximately $97,000. Kingsview Wealth Management LLC purchased a new stake in Manhattan Bridge Capital in the 1st quarter worth approximately $121,000. OLIO Financial Planning grew its stake in Manhattan Bridge Capital by 17.5% in the 1st quarter. OLIO Financial Planning now owns 24,568 shares of the credit services provider's stock worth $145,000 after acquiring an additional 3,665 shares during the period. Atria Wealth Solutions Inc. grew its stake in Manhattan Bridge Capital by 13.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider's stock worth $159,000 after acquiring an additional 3,324 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Manhattan Bridge Capital by 28.4% in the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock valued at $157,000 after purchasing an additional 6,215 shares during the last quarter. 21.84% of the stock is 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.
Further Reading
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