Manhattan Bridge Capital (NASDAQ: LOAN – Get a rating) released its financial results on Friday. The credit services provider reported EPS of $0.09 for the quarter, missing analyst consensus estimates of $0.10 per ($0.01), MarketWatch Earnings reports. Manhattan Bridge Capital had a return on equity of 11.93% and a net margin of 64.99%.
NASDAQ:LOAN shares opened at $5.82 on Monday. The company has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $6.03. Manhattan Bridge Capital has a one-year low of $5.30 and a one-year high of $8.05. The stock has a market capitalization of $66.90 million, a price-earnings ratio of 13.53 and a beta of 0.57.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Friday, April 8 will receive a dividend of $0.125. The ex-dividend date is Thursday, April 7. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 8.59%. Manhattan Bridge Capital’s payout ratio is 116.28%.
Separately, TheStreet upgraded the shares of Manhattan Bridge Capital from a “c+” rating to a “b-” rating in a Wednesday, February 2 research note.
Several large investors have recently changed their positions in LOAN. Royal Bank of Canada increased its holdings of Manhattan Bridge Capital shares by 500.0% in the third quarter. Royal Bank of Canada now owns 6,000 shares of the credit service provider valued at $41,000 after buying another 5,000 shares in the last quarter. Susquehanna International Group LLP purchased a new equity stake from Manhattan Bridge Capital in the fourth quarter, valued at approximately $75,000. Citadel Advisors LLC bought a new stake in shares of Manhattan Bridge Capital in the third quarter worth approximately $78,000. Geode Capital Management LLC purchased a new stake in shares of Manhattan Bridge Capital in the third quarter worth approximately $115,000. Finally, Renaissance Technologies LLC increased its equity stake in Manhattan Bridge Capital by 51.0% in the fourth quarter. Renaissance Technologies LLC now owns 169,873 shares of the credit service provider valued at $934,000 after purchasing an additional 57,345 shares in the last quarter. 23.27% of the shares are held by institutional investors and hedge funds.
About the Capital of the Manhattan Bridge (Get a rating)
Manhattan Bridge Capital, Inc. engages in the origination, servicing and management of a portfolio of prime mortgage loans. It provides short-term, secured, non-bank loans to real estate investors to finance their acquisition and construction of properties located in the New York metropolitan area. The company was founded by Assaf N.
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