Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area. The company's loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the businesses. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in Great Neck, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:LOAN
CUSIPN/A
Phone516-444-3400
Debt
Debt-to-Equity RatioN/A
Current Ratio1.98
Quick Ratio1.98
Price-To-Earnings
Trailing P/E Ratio16.59
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$5.92 million
Price / Sales10.00
Cash Flow$0.44 per share
Price / Cash16.59
Book Value$2.74 per share
Price / Book2.66
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$3.43 million
Net Margins58.02%
Return on Equity15.86%
Return on Assets8.07%
Miscellaneous
Employees5
Outstanding Shares8,110,000
Manhattan Bridge Capital (NASDAQ:LOAN) Frequently Asked Questions
What is Manhattan Bridge Capital's stock symbol?
Manhattan Bridge Capital trades on the NASDAQ under the ticker symbol "LOAN."
How often does Manhattan Bridge Capital pay dividends? What is the dividend yield for Manhattan Bridge Capital?
Manhattan Bridge Capital announced a quarterly dividend on Thursday, April 19th. Stockholders of record on Tuesday, July 10th will be paid a dividend of $0.12 per share on Monday, July 16th. This represents a $0.48 annualized dividend and a dividend yield of 6.58%. The ex-dividend date is Monday, July 9th. View Manhattan Bridge Capital's Dividend History.
How will Manhattan Bridge Capital's stock buyback program work?
Manhattan Bridge Capital announced that its board has authorized a stock buyback plan on Tuesday, April 11th 2017, which allows the company to repurchase 100,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.
How were Manhattan Bridge Capital's earnings last quarter?
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) posted its quarterly earnings results on Monday, April, 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.12. The credit services provider earned $1.66 million during the quarter. Manhattan Bridge Capital had a net margin of 58.02% and a return on equity of 15.86%. View Manhattan Bridge Capital's Earnings History.
What price target have analysts set for LOAN?
1 analysts have issued 1-year target prices for Manhattan Bridge Capital's shares. Their forecasts range from $8.00 to $8.00. On average, they anticipate Manhattan Bridge Capital's share price to reach $8.00 in the next twelve months. View Analyst Ratings for Manhattan Bridge Capital.
Who are some of Manhattan Bridge Capital's key competitors?
Some companies that are related to Manhattan Bridge Capital include Global Medical REIT (GMRE), Gladstone Land (LAND), BRT Apartments (BRT), CLIPPER Rlty In/SH 144A (CLPR), Ellington Residential Mortgage REIT (EARN), Maxus Realty Trust (MRTI), SOTHERLY HOTELS/SH SH (SOHO), United Development Funding IV (UDFI), Five Oaks Investment (OAKS), Hunt Companies Finance Trust (HCFT), Sachem Capital (SACH), AMEN Properties (AMEN), Reven Housing Reit (RVEN), Tremont Mortgage Trust (TRMT) and Wheeler Real Estate Investment Trust (WHLR).
Who are Manhattan Bridge Capital's key executives?
Manhattan Bridge Capital's management team includes the folowing people:
- Mr. Assaf Ran, Founder, Chairman, Pres & CEO (Age 52)
- Ms. Vanessa Kao, CFO, VP, Treasurer & Sec. (Age 40)
- Mr. Ronen Shiponi Esq., Legal Adviser
Has Manhattan Bridge Capital been receiving favorable news coverage?
News stories about LOAN stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manhattan Bridge Capital earned a news impact score of 0.10 on Accern's scale. They also gave press coverage about the credit services provider an impact score of 44.98 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Manhattan Bridge Capital's major shareholders?
Which major investors are buying Manhattan Bridge Capital stock?
How do I buy shares of Manhattan Bridge Capital?
Shares of LOAN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Manhattan Bridge Capital's stock price today?
One share of LOAN stock can currently be purchased for approximately $7.30.
How big of a company is Manhattan Bridge Capital?
Manhattan Bridge Capital has a market capitalization of $59.19 million and generates $5.92 million in revenue each year. Manhattan Bridge Capital employs 5 workers across the globe.
How can I contact Manhattan Bridge Capital?
Manhattan Bridge Capital's mailing address is 60 CUTTER MILL RD. SUITE 205, GREAT NECK NY, 11021. The credit services provider can be reached via phone at 516-444-3400.
MarketBeat Community Rating for Manhattan Bridge Capital (LOAN)
MarketBeat's community ratings are surveys of what our community members think about Manhattan Bridge Capital and other stocks. Vote "Outperform" if you believe LOAN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LOAN will underperform the S&P 500 over the long term. You may vote once every thirty days.
