Manhattan Bridge Capital (NASDAQ:LOAN) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report)'s share price passed 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Manhattan Bridge Capital in a report on Sunday, May 18th. They set a "strong-buy" rating for the company.

Manhattan Bridge Capital Price Performance

The stock has a market cap of $66.75 million, a price-to-earnings ratio of 12.42 and a beta of 0.30. The business's 50 day moving average is $5.21 and its 200 day moving average is $5.43.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 58.44%. The company had revenue of $2.27 million during the quarter.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $0.46 annualized dividend and a dividend yield of 7.88%. Manhattan Bridge Capital's dividend payout ratio is presently 97.87%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Gen Wealth Partners Inc lifted its position in Manhattan Bridge Capital by 5.1% in the fourth quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider's stock valued at $217,000 after acquiring an additional 1,896 shares during the last quarter. OLIO Financial Planning increased 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 lifted 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. Melia Wealth LLC lifted its holdings in shares of Manhattan Bridge Capital by 2.8% in the 1st quarter. Melia Wealth LLC now owns 360,918 shares of the credit services provider's stock valued at $2,133,000 after purchasing an additional 9,778 shares during the last quarter. Finally, Hardy Reed LLC boosted its position in shares of Manhattan Bridge Capital by 4.3% in the 1st quarter. Hardy Reed LLC now owns 386,259 shares of the credit services provider's stock valued at $2,283,000 after purchasing an additional 15,760 shares during the period. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Company Profile

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.