Manhattan Bridge Capital (NASDAQ:LOAN) Now Covered by Analysts at StockNews.com

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

Manhattan Bridge Capital Trading Up 1.4 %

Shares of LOAN opened at $5.68 on Friday. Manhattan Bridge Capital has a 12-month low of $4.69 and a 12-month high of $5.90. The firm has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.48. The firm has a market capitalization of $64.97 million, a P/E ratio of 11.59 and a beta of 0.48.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings data on Wednesday, March 12th. 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 56.93% and a return on equity of 13.06%. The firm had revenue of $2.36 million during the quarter.

Manhattan Bridge Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Tuesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 95.83%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LOAN. Advisory Services Network LLC purchased a new position in Manhattan Bridge Capital during the fourth quarter worth about $97,000. OLIO Financial Planning purchased a new position in Manhattan Bridge Capital during the fourth quarter worth about $117,000. NewEdge Advisors LLC boosted its stake 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 buying an additional 6,215 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Manhattan Bridge Capital by 13.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock worth $159,000 after buying an additional 3,324 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth about $169,000. Hedge funds and other 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.