Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) is anticipated to release its earnings data before the market opens on Monday, March 10th. Analysts expect Manhattan Bridge Capital to post earnings of $0.12 per share for the quarter.
Manhattan Bridge Capital Stock Down 0.9 %
Shares of Manhattan Bridge Capital stock traded down $0.05 during mid-day trading on Wednesday, reaching $5.58. 10,482 shares of the stock traded hands, compared to its average volume of 12,204. The business has a 50-day moving average of $5.61 and a 200 day moving average of $5.46. The stock has a market capitalization of $63.83 million, a PE ratio of 11.39 and a beta of 0.55. Manhattan Bridge Capital has a fifty-two week low of $4.60 and a fifty-two week high of $5.90.
Manhattan Bridge Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be issued a $0.115 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $0.46 dividend on an annualized basis and a yield of 8.24%. Manhattan Bridge Capital's payout ratio is currently 93.88%.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Manhattan Bridge Capital in a research report on Thursday, February 27th. They issued a "strong-buy" rating for the company.
View Our Latest Research Report on LOAN
About Manhattan Bridge Capital
(
Get Free Report)
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.
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