Manhattan Bridge Capital (NASDAQ:LOAN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note published on Saturday. The firm issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Performance

NASDAQ:LOAN opened at $5.68 on Friday. The company has a fifty day moving average of $5.60 and a two-hundred day moving average of $5.48. The stock has a market capitalization of $64.97 million, a PE ratio of 11.59 and a beta of 0.48. Manhattan Bridge Capital has a fifty-two week low of $4.69 and a fifty-two week high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Manhattan Bridge Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date of this dividend is Tuesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio is presently 95.83%.

Institutional Investors Weigh In On Manhattan Bridge Capital

A number of large investors have recently modified their holdings of LOAN. Soltis Investment Advisors LLC purchased a new stake in shares of Manhattan Bridge Capital during the third quarter worth $14,758,000. Cary Street Partners Financial LLC purchased a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth $1,684,000. Fortress Financial Solutions LLC purchased a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth $685,000. Capital Management Associates Inc purchased a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth $184,000. Finally, LPL Financial LLC purchased a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth $169,000. Hedge funds and other institutional investors 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.