Manhattan Bridge Capital (NASDAQ:LOAN) announced its quarterly earnings data on Thursday. The credit services provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01, MarketWatch Earnings reports. Manhattan Bridge Capital had a net margin of 57.31% and a return on equity of 16.28%.
NASDAQ LOAN opened at $6.15 on Friday. Manhattan Bridge Capital has a one year low of $5.68 and a one year high of $8.00. The stock has a market capitalization of $59.47 million, a PE ratio of 13.54 and a beta of 0.52.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Wednesday, October 10th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.80%. The ex-dividend date of this dividend was Tuesday, October 9th.
Several research analysts have weighed in on LOAN shares. Maxim Group reissued a “buy” rating and set a $8.00 price objective on shares of Manhattan Bridge Capital in a report on Friday, August 3rd. ValuEngine lowered shares of Manhattan Bridge Capital from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th.
In other Manhattan Bridge Capital news, insider Assaf Ran purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $6.74 per share, with a total value of $33,700.00. Following the acquisition, the insider now owns 2,526,000 shares of the company’s stock, valued at approximately $17,025,240. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 32.40% 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. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.
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