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
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:LOAN
CUSIPN/A
Phone516-444-3400
Debt
Debt-to-Equity RatioN/A
Current Ratio1.78
Quick Ratio1.78
Price-To-Earnings
Trailing P/E Ratio14.67
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$5.92 million
Price / Sales10.73
Cash Flow$0.4335 per share
Price / Cash15.34
Book Value$2.74 per share
Price / Book2.43
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$3.43 million
Net Margins57.31%
Return on Equity16.28%
Return on Assets7.84%
Miscellaneous
Employees5
Outstanding Shares9,550,000
Market Cap$64.44 million
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 declared a quarterly dividend on Tuesday, July 31st. Stockholders of record on Wednesday, October 10th will be paid a dividend of $0.12 per share on Monday, October 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Tuesday, October 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 of Directors has authorized a stock buyback program on Tuesday, April 11th 2017, which allows the company to buyback 100,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its shares are undervalued.
How were Manhattan Bridge Capital's earnings last quarter?
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) posted its quarterly earnings results on Friday, July, 27th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.12. The credit services provider had revenue of $1.67 million for the quarter. Manhattan Bridge Capital had a return on equity of 16.28% and a net margin of 57.31%. View Manhattan Bridge Capital's Earnings History.
When is Manhattan Bridge Capital's next earnings date?
What price target have analysts set for LOAN?
1 Wall Street 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 expect Manhattan Bridge Capital's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Price Targets for Manhattan Bridge Capital.
What is the consensus analysts' recommendation for Manhattan Bridge Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manhattan Bridge Capital in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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 Great Ajax (AJX), Farmland Partners (FPI), BRT Apartments (BRT), Gladstone Land (LAND), Global Medical REIT (GMRE), CLIPPER Rlty In/SH 144A (CLPR), Ellington Residential Mortgage REIT (EARN), Maxus Realty Trust (MRTI), United Development Funding IV (UDFI), SOTHERLY HOTELS/SH SH (SOHO), Hunt Companies Finance Trust (HCFT), Five Oaks Investment (OAKS), Sachem Capital (SACH), Wheeler Real Estate Investment Trust (WHLR) and Reven Housing Reit (RVEN).
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 been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. 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 and rumor sentiment score of 0.19 on Accern's scale. They also assigned media coverage about the credit services provider an impact score of 46.94 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Manhattan Bridge Capital.
Who are Manhattan Bridge Capital's major shareholders?
Manhattan Bridge Capital's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (2.79%), Bard Associates Inc. (2.71%), Capital Planning Advisors LLC (2.02%), Moneta Group Investment Advisors LLC (1.52%), Granite Investment Partners LLC (0.47%) and James Investment Research Inc. (0.17%). View Institutional Ownership Trends for Manhattan Bridge Capital.
Which institutional investors are selling Manhattan Bridge Capital stock?
Which institutional 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 $6.65.
How big of a company is Manhattan Bridge Capital?
Manhattan Bridge Capital has a market capitalization of $64.44 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 (NASDAQ 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.
