Manhattan Bridge Capital, Inc (NASDAQ:LOAN) posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10, MarketWatch Earnings reports. Manhattan Bridge Capital had a net margin of 59.95% and a return on equity of 13.39%. The business had revenue of $1.40 million for the quarter.
Manhattan Bridge Capital (LOAN) opened at 5.65 on Wednesday. The company’s 50 day moving average is $5.59 and its 200-day moving average is $5.68. The firm has a market cap of $45.77 million, a price-to-earnings ratio of 14.83 and a beta of 0.79. Manhattan Bridge Capital has a 1-year low of $4.65 and a 1-year high of $7.65.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 7.26%. Manhattan Bridge Capital’s dividend payout ratio is presently 107.90%.
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Separately, Compass Point assumed coverage on shares of Manhattan Bridge Capital in a research note on Monday, May 1st. They set a “buy” rating and a $7.25 price objective on the stock.
An institutional investor recently raised its position in Manhattan Bridge Capital stock. Vanguard Group Inc. increased its position in Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,326 shares of the credit services provider’s stock after buying an additional 9,710 shares during the period. Vanguard Group Inc. owned about 3.04% of Manhattan Bridge Capital worth $1,466,000 at the end of the most recent reporting period. Institutional investors own 10.20% of the company’s stock.
Manhattan Bridge Capital Company Profile
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
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