Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.38 and traded as low as $5.27. Manhattan Bridge Capital shares last traded at $5.35, with a volume of 25,604 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on Manhattan Bridge Capital in a report on Sunday, May 18th. They set a "strong-buy" rating on the stock.
Read Our Latest Report on Manhattan Bridge Capital
Manhattan Bridge Capital Trading Up 0.3%
The company has a fifty day simple moving average of $5.46 and a 200-day simple moving average of $5.38. The stock has a market cap of $61.71 million, a price-to-earnings ratio of 11.48 and a beta of 0.35.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 59.04%.
Manhattan Bridge Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 8th will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Wednesday, October 8th. Manhattan Bridge Capital's payout ratio is 97.87%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Avant Financial Advisors LLC acquired a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at about $1,626,000. Certuity LLC acquired a new stake in shares of Manhattan Bridge Capital during the 2nd quarter valued at about $306,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Manhattan Bridge Capital during the 1st quarter valued at about $296,000. OLIO Financial Planning lifted its holdings 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 during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Manhattan Bridge Capital during the 2nd quarter valued at about $149,000. Hedge funds and other institutional investors own 21.84% of the company's stock.
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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