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
Phone516-444-3400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.22 million
Profitability
Miscellaneous
Employees5
Next Earnings Date4/15/2019 (Estimated)
OptionableNot Optionable
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 Wednesday, February 6th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.12 per share on Monday, April 15th. This represents a $0.48 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Tuesday, April 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 approved a stock repurchase program on Tuesday, April 11th 2017, which permits the company to buyback 100,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
How were Manhattan Bridge Capital's earnings last quarter?
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) issued its earnings results on Monday, March, 18th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. The credit services provider had revenue of $2 million for the quarter. Manhattan Bridge Capital had a return on equity of 15.03% and a net margin of 58.18%. 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 brokerages have issued 1 year price objectives for Manhattan Bridge Capital's shares. Their predictions range from $8.00 to $8.00. On average, they anticipate Manhattan Bridge Capital's share price to reach $8.00 in the next year. This suggests a possible upside of 30.1% 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.
Has Manhattan Bridge Capital been receiving favorable news coverage?
News coverage about LOAN stock has trended negative on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Manhattan Bridge Capital earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave press coverage about the credit services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Manhattan Bridge Capital's key competitors?
Some companies that are related to Manhattan Bridge Capital include CLIPPER RLTY IN/SH 144A (CLPR), Gladstone Land (LAND), BRT Apartments (BRT), Farmland Partners (FPI), Maxus Realty Trust (MRTI), Ellington Residential Mortgage REIT (EARN), United Development Funding IV (UDFI), SOTHERLY HOTELS/SH SH (SOHO), Hunt Companies Finance Trust (HCFT), Sachem Capital (SACH), AMEN Properties (AMEN), Reven Housing Reit (RVEN), Global Self Storage (SELF), Tremont Mortgage Trust (TRMT) and Bimini Capital Managment (BMNM).
What other stocks do shareholders of Manhattan Bridge Capital own?
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 53)
- Ms. Vanessa Kao, CFO, VP, Treasurer & Sec. (Age 41)
Who are Manhattan Bridge Capital's major shareholders?
Manhattan Bridge Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Shufro Rose & Co. LLC (0.75%), Parallel Advisors LLC (0.39%), Weatherstone Capital Management (0.33%), National Asset Management Inc. (0.32%), Old Port Advisors (0.31%) and Moneta Group Investment Advisors LLC (0.17%). View Institutional Ownership Trends for Manhattan Bridge Capital.
Which major investors are selling Manhattan Bridge Capital stock?
Which major investors are buying Manhattan Bridge Capital stock?
LOAN stock was acquired by a variety of institutional investors in the last quarter, including Weatherstone Capital Management, Old Port Advisors, Shufro Rose & Co. LLC, Moneta Group Investment Advisors LLC and National Asset Management Inc.. View Insider Buying and Selling for Manhattan Bridge Capital.
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 $6.15.
How big of a company is Manhattan Bridge Capital?
Manhattan Bridge Capital has a market capitalization of $59.38 million and generates $7.22 million in revenue each year. Manhattan Bridge Capital employs 5 workers across the globe.
What is Manhattan Bridge Capital's official website?
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.
