Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on Manhattan Bridge Capital in a research report on Sunday, May 18th. They set a "strong-buy" rating on the stock.
Get Our Latest Report on LOAN
Manhattan Bridge Capital Trading Up 0.2%
The company has a market cap of $59.83 million, a price-to-earnings ratio of 11.13 and a beta of 0.29. The stock's 50 day moving average price is $5.16 and its 200 day moving average price is $5.43.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its quarterly 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.115 per share. The ex-dividend date is Tuesday, July 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.80%. 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 company. Cary Street Partners Financial LLC purchased a new position in shares of Manhattan Bridge Capital in the 4th quarter worth about $1,684,000. Avant Financial Advisors LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth approximately $1,626,000. Chicago Partners Investment Group LLC acquired a new stake in Manhattan Bridge Capital during the 1st quarter worth approximately $296,000. LPL Financial LLC purchased a new position in Manhattan Bridge Capital in the fourth quarter valued at approximately $169,000. Finally, Kingsview Wealth Management LLC acquired a new position in Manhattan Bridge Capital during the first quarter valued at approximately $121,000. Institutional investors and hedge funds own 21.84% of the company's stock.
Manhattan Bridge Capital Company Profile
(
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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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