Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) announced its quarterly earnings results on Wednesday. The credit services provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01), Zacks reports. The company had revenue of $2.36 million during the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.
Manhattan Bridge Capital Price Performance
Shares of LOAN traded up $0.08 during mid-day trading on Friday, hitting $5.68. 29,994 shares of the company's stock were exchanged, compared to its average volume of 12,184. The company has a 50-day simple moving average of $5.60 and a 200 day simple moving average of $5.48. The company has a market cap of $64.97 million, a PE ratio of 11.59 and a beta of 0.48. Manhattan Bridge Capital has a 52 week low of $4.69 and a 52 week high of $5.90.
Manhattan Bridge Capital Dividend Announcement
The company 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 is Tuesday, April 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.10%. Manhattan Bridge Capital's dividend payout ratio is currently 95.83%.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Manhattan Bridge Capital in a report on Saturday. They issued a "strong-buy" rating for the company.
Read Our Latest Research Report on LOAN
Manhattan Bridge Capital Company Profile
(
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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