Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Sees Significant Decrease in Short Interest

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 5,100 shares, a drop of 50.0% from the January 31st total of 10,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 16,200 shares, the short-interest ratio is presently 0.3 days.

Manhattan Bridge Capital Price Performance

Shares of LOAN traded down $0.01 during mid-day trading on Monday, hitting $5.57. The company's stock had a trading volume of 10,245 shares, compared to its average volume of 12,261. Manhattan Bridge Capital has a fifty-two week low of $4.60 and a fifty-two week high of $5.90. The stock has a market capitalization of $63.72 million, a price-to-earnings ratio of 11.37 and a beta of 0.55. The firm has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.46.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.26%. Manhattan Bridge Capital's dividend payout ratio (DPR) is presently 93.88%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a research report on Thursday. They set a "strong-buy" rating for the company.

Institutional Investors Weigh In On Manhattan Bridge Capital

A number of institutional investors and hedge funds have recently modified their holdings of LOAN. Advisory Services Network LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth about $97,000. OLIO Financial Planning acquired a new stake in shares of Manhattan Bridge Capital during the fourth quarter valued at approximately $117,000. Atria Wealth Solutions Inc. lifted its position in shares of 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 valued at $159,000 after acquiring an additional 3,324 shares in the last quarter. NewEdge Advisors LLC boosted its stake 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 purchasing an additional 6,215 shares during the period. Finally, LPL Financial LLC purchased a new position in Manhattan Bridge Capital during the 4th quarter worth approximately $169,000. 21.84% of the stock is owned by institutional investors and hedge funds.

Manhattan Bridge Capital Company Profile

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.