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

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

Manhattan Bridge Capital Stock Up 0.7 %

Shares of NASDAQ LOAN opened at $5.67 on Friday. The company has a market cap of $64.86 million, a price-to-earnings ratio of 11.57 and a beta of 0.55. The firm’s fifty day moving average is $5.49 and its 200 day moving average is $5.39. Manhattan Bridge Capital has a 52 week low of $4.60 and a 52 week high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.31 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.115 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.11%. Manhattan Bridge Capital’s dividend payout ratio is currently 93.88%.

Hedge Funds Weigh In On Manhattan Bridge Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its position in Manhattan Bridge Capital by 35.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock valued at $120,000 after purchasing an additional 6,117 shares during the period. Geode Capital Management LLC boosted its stake in shares of Manhattan Bridge Capital by 2.7% during the 3rd 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 in the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Manhattan Bridge Capital by 53.4% during the third quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock valued at $724,000 after buying an additional 45,222 shares during the period. International Assets Investment Management LLC lifted its holdings in Manhattan Bridge Capital by 441.5% in the third quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after buying an additional 119,595 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Manhattan Bridge Capital by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock valued at $963,000 after acquiring an additional 21,950 shares in the last quarter. 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.