Manhattan Bridge Capital, Inc (NASDAQ:LOAN) Short Interest Down 44.0% in December

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,740 shares, a decrease of 44.0% from the December 15th total of 10,248 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 45,619 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 45,619 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Bridge Capital in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Manhattan Bridge Capital currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LOAN. OLIO Financial Planning raised its holdings in Manhattan Bridge Capital by 196.3% in the 2nd quarter. OLIO Financial Planning now owns 72,798 shares of the credit services provider’s stock worth $398,000 after acquiring an additional 48,230 shares during the last quarter. Melia Wealth LLC raised its stake in shares of Manhattan Bridge Capital by 4.9% in the second quarter. Melia Wealth LLC now owns 378,533 shares of the credit services provider’s stock worth $2,071,000 after purchasing an additional 17,615 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Manhattan Bridge Capital by 57.2% in the second quarter. Atria Wealth Solutions Inc. now owns 39,871 shares of the credit services provider’s stock worth $218,000 after purchasing an additional 14,513 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Manhattan Bridge Capital during the second quarter valued at $112,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Manhattan Bridge Capital during the second quarter valued at $149,000. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Stock Performance

Shares of Manhattan Bridge Capital stock traded down $0.04 during midday trading on Friday, hitting $4.62. The company had a trading volume of 12,731 shares, compared to its average volume of 40,579. Manhattan Bridge Capital has a 52-week low of $4.29 and a 52-week high of $6.05. The stock has a market capitalization of $52.85 million, a P/E ratio of 10.04 and a beta of 0.25. The company has a 50 day moving average of $4.71 and a 200 day moving average of $5.14.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings data on Friday, October 24th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 58.67% and a return on equity of 12.22%. The company had revenue of $2.04 million for the quarter.

Manhattan Bridge Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.115 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.46 dividend on an annualized basis and a yield of 10.0%. Manhattan Bridge Capital’s payout ratio is presently 100.00%.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.