Shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.16 and traded as high as $5.49. Manhattan Bridge Capital shares last traded at $5.47, with a volume of 24,409 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen began coverage on Manhattan Bridge Capital in a research note on Sunday, May 18th. They issued a "strong-buy" rating for the company.
Read Our Latest Research Report on Manhattan Bridge Capital
Manhattan Bridge Capital Stock Performance
The company has a market cap of $63.15 million, a PE ratio of 11.74 and a beta of 0.29. The company has a fifty day moving average of $5.16 and a two-hundred day moving average of $5.42.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share for the quarter, meeting 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend is Tuesday, July 8th. Manhattan Bridge Capital's dividend payout ratio (DPR) is presently 97.87%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. 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 in the last quarter. LPL Financial LLC bought a new position in shares of Manhattan Bridge Capital during the 4th quarter worth $169,000. Advisory Services Network LLC bought a new position in shares of Manhattan Bridge Capital during the 4th quarter worth $97,000. Melia Wealth LLC increased its stake in shares of Manhattan Bridge Capital by 3.0% during the fourth quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider's stock valued at $1,966,000 after buying an additional 10,301 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Manhattan Bridge Capital by 28.4% in the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock valued at $157,000 after acquiring an additional 6,215 shares in the last quarter. 21.84% of the stock is currently owned by institutional investors.
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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