Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Short Interest Update

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,300 shares, a growth of 69.1% from the February 28th total of 5,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 14,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Manhattan Bridge Capital

Several hedge funds have recently modified their holdings of LOAN. Advisory Services Network LLC acquired a new stake in Manhattan Bridge Capital during the fourth quarter worth approximately $97,000. OLIO Financial Planning purchased a new stake in Manhattan Bridge Capital in the 4th quarter valued at about $117,000. Atria Wealth Solutions Inc. lifted its holdings 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 acquiring an additional 3,324 shares during the period. NewEdge Advisors LLC increased its position in Manhattan Bridge Capital by 28.4% during the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock worth $157,000 after purchasing an additional 6,215 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in Manhattan Bridge Capital during the fourth quarter worth approximately $169,000. 21.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a report on Sunday, March 23rd. They issued a “strong-buy” rating on the stock.

Manhattan Bridge Capital Stock Down 0.3 %

NASDAQ:LOAN traded down $0.02 during midday trading on Friday, reaching $5.82. The stock had a trading volume of 11,816 shares, compared to its average volume of 18,736. Manhattan Bridge Capital has a 12-month low of $4.89 and a 12-month high of $5.90. The stock has a market cap of $66.57 million, a P/E ratio of 11.88 and a beta of 0.48. The firm has a fifty day simple moving average of $5.64 and a two-hundred day simple moving average of $5.52.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results 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). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The business had revenue of $2.36 million during the quarter.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date of this dividend is Tuesday, April 8th. Manhattan Bridge Capital’s payout ratio is currently 95.83%.

About Manhattan Bridge Capital

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.