Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Short Interest Update

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,300 shares, a growth of 69.1% from the February 28th total of 5,500 shares. Based on an average daily trading volume, of 14,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company's shares are short sold.

Manhattan Bridge Capital Stock Down 0.2 %

Shares of NASDAQ LOAN traded down $0.01 during trading hours on Wednesday, hitting $5.94. The company had a trading volume of 39,471 shares, compared to its average volume of 18,921. The stock has a market capitalization of $67.95 million, a P/E ratio of 12.12 and a beta of 0.26. The firm's 50 day moving average is $5.65 and its 200-day moving average is $5.53. Manhattan Bridge Capital has a 1-year low of $4.89 and a 1-year high of $6.05.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The credit services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The business had revenue of $2.36 million during the quarter.

Manhattan Bridge Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $0.46 annualized dividend and a yield of 7.74%. Manhattan Bridge Capital's dividend payout ratio is presently 95.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Manhattan Bridge Capital in a report on Monday. They set a "strong-buy" rating on the stock.

Institutional Investors Weigh In On Manhattan Bridge Capital

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Avant Financial Advisors LLC acquired a new position in shares of Manhattan Bridge Capital during the 4th quarter valued at $1,626,000. Gen Wealth Partners Inc increased its position in Manhattan Bridge Capital by 5.1% in the fourth quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider's stock worth $217,000 after buying an additional 1,896 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Manhattan Bridge Capital during the fourth quarter worth about $1,684,000. 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 period. Finally, Melia Wealth LLC grew its position in shares of Manhattan Bridge Capital by 3.0% in the fourth quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider's stock valued at $1,966,000 after purchasing an additional 10,301 shares in the last quarter. Institutional investors and hedge funds own 21.84% of the company's stock.

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.