Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on Manhattan Bridge Capital in a research note on Sunday, May 18th. They issued a "strong-buy" rating for the company.
Check Out Our Latest Report on LOAN
Manhattan Bridge Capital Stock Performance
The company has a 50 day moving average of $5.27 and a two-hundred day moving average of $5.45. The stock has a market cap of $59.20 million, a PE ratio of 10.56 and a beta of 0.33.
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 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 firm had revenue of $2.27 million during the quarter.
Manhattan Bridge Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be paid a $0.115 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.89%. Manhattan Bridge Capital's dividend payout ratio is presently 97.87%.
Hedge Funds Weigh In On Manhattan Bridge Capital
Several institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Manhattan Bridge Capital in the 4th quarter worth about $97,000. Kingsview Wealth Management LLC acquired a new stake in Manhattan Bridge Capital in the 1st quarter worth about $121,000. OLIO Financial Planning boosted its holdings in Manhattan Bridge Capital by 17.5% in the 1st quarter. OLIO Financial Planning now owns 24,568 shares of the credit services provider's stock worth $145,000 after buying an additional 3,665 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 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 worth $157,000 after buying an additional 6,215 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings 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 buying an additional 3,324 shares during the last quarter. 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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