Manhattan Bridge Capital (NASDAQ:LOAN) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research report released on Sunday morning. The firm issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Trading Up 0.5 %

Manhattan Bridge Capital stock opened at $5.76 on Friday. The stock has a fifty day moving average price of $5.63 and a 200 day moving average price of $5.51. Manhattan Bridge Capital has a 52 week low of $4.80 and a 52 week high of $5.90. The firm has a market capitalization of $65.89 million, a P/E ratio of 11.76 and a beta of 0.48.

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

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be paid 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 7.99%. Manhattan Bridge Capital’s dividend payout ratio is presently 95.83%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Manhattan Bridge Capital by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 3,008 shares during the period. Soltis Investment Advisors LLC acquired a new stake in Manhattan Bridge Capital during the 3rd quarter worth approximately $14,758,000. OLIO Financial Planning purchased a new position in Manhattan Bridge Capital in the fourth quarter valued at approximately $117,000. Beese Fulmer Investment Management Inc. lifted its position in Manhattan Bridge Capital by 9.7% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock valued at $799,000 after buying an additional 12,616 shares in the last quarter. Finally, Capital Management Associates Inc purchased a new stake in Manhattan Bridge Capital during the fourth quarter worth approximately $184,000. 21.84% of the stock is owned by hedge funds and other institutional investors.

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.