StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Free Report) in a research note published on Tuesday. The firm issued a strong-buy rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
LOAN traded up $0.04 on Tuesday, hitting $4.96. 32,202 shares of the company were exchanged, compared to its average volume of 19,677. The stock's fifty day moving average is $5.58 and its 200-day moving average is $5.52. Manhattan Bridge Capital has a 12 month low of $4.74 and a 12 month high of $6.05. The company has a market cap of $56.74 million, a PE ratio of 10.12 and a beta of 0.26.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The company had revenue of $2.36 million for the quarter.
Manhattan Bridge Capital Announces Dividend
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 $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 9.27%. The ex-dividend date of this dividend is Tuesday, April 8th. Manhattan Bridge Capital's dividend payout ratio (DPR) is presently 95.83%.
Hedge Funds Weigh In On Manhattan Bridge Capital
Institutional investors have recently bought and sold shares of the business. Gen Wealth Partners Inc lifted its holdings in Manhattan Bridge Capital by 5.1% during the 4th quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider's stock valued at $217,000 after purchasing an additional 1,896 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Manhattan Bridge Capital by 2.7% in the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock valued at $635,000 after purchasing an additional 3,008 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Manhattan Bridge Capital by 13.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider's stock worth $159,000 after buying an additional 3,324 shares during the last quarter. OLIO Financial Planning boosted its holdings in shares of Manhattan Bridge Capital by 17.5% during the 1st quarter. OLIO Financial Planning now owns 24,568 shares of the credit services provider's stock worth $145,000 after buying an additional 3,665 shares during the period. Finally, NewEdge Advisors LLC grew 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 valued at $157,000 after buying an additional 6,215 shares during the last quarter. Institutional investors and hedge funds own 21.84% of the company's stock.
About Manhattan Bridge Capital
(
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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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