Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.46 and traded as low as $5.05. Manhattan Bridge Capital shares last traded at $5.15, with a volume of 23,288 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen began coverage on Manhattan Bridge Capital in a report on Sunday, May 18th. They issued a "strong-buy" rating on the stock.
Check Out Our Latest Stock Report on LOAN
Manhattan Bridge Capital Stock Performance
The company has a market capitalization of $59.60 million, a price-to-earnings ratio of 10.63 and a beta of 0.33. The company has a 50-day moving average price of $5.25 and a 200-day moving average price of $5.45.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The credit services provider reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The business had revenue of $2.27 million for the quarter.
Manhattan Bridge Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date is Tuesday, July 8th. Manhattan Bridge Capital's dividend payout ratio (DPR) is currently 97.87%.
Hedge Funds Weigh In On Manhattan Bridge Capital
Large investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $1,684,000. Avant Financial Advisors LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $1,626,000. Fortress Financial Solutions LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $685,000. Chicago Partners Investment Group LLC bought a new stake in shares of Manhattan Bridge Capital during the 1st quarter worth approximately $296,000. Finally, Capital Management Associates Inc acquired a new position in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $184,000. Institutional investors and hedge funds 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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